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Why Jim Cramer Thinks the Boeing Reverberations Are Being 'Ignored'

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Boeing  (BA) - Get The Boeing Company Report is Real Money's stock of the day.

According to the Wall Street Journal, Boeing is weighing the potential impact of pausing or reducing the production of the 737 MAX jets.

The MAX has been grounded since March after deadly crashes in Indonesia and Ethiopia killed a total of 346 people.

A Boeing 737 MAX Ethiopian Airlines flight crashed in March, killing all on board, just months after 157 passengers and crew were killed in October 2018 when a Lion Air flight crashed over Indonesia.

When asked for comment, a Boeing spokesman told TheStreet in an email that the company is continuing to work closely with the Federal Aviation Administration and other regulators for the "certification and the safe return to service of the MAX."

"We will continue to assess production decisions based on the timing and conditions of return to service, which will be based on regulatory approvals and may vary by jurisdiction," said Boeing spokesman Charles N. Bickers.

 But are the MAX groundings impacting more than just Boeing's stock?

Jim Cramer says yes.

 "There's a lot of reverberations, but people are ignoring them. You've got United Technologies  (UTX) - Get n.a. Report would be one and GE  (GE) - Get General Electric Company Report would be one. Honeywell  (HON) - Get Honeywell International Inc. Report. People don't care. And the reason why people don't care I think is...if you take a look at Southwest Air  (LUV) - Get Southwest Airlines Company Report. Southwest won a very big settlement. They got some money. It's all delay. I mean the biggest risks with the 737 MAX is that people won't want to fly it by the time they get to see in the air," said Cramer. 

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