Boeing's worst year in decades
Boeing’s new CEO David Calhoun started work on Monday, inheriting a company that is reeling from the effects of two fatal crashes which led to the grounding of the 737 MAX last March. The Chicago-based firm is struggling for traction with financial investors and has ordered a full-scale halt in production of the 737 MAX that has already cost billions of dollars. Story features charts on a year of crisis for the company as it prepares on Tuesday to publish figures for 2019 that are expected to show a collapse of orders and deliveries and the loss of its status as the world’s biggest planemaker to Europe’s Airbus. Boeing, a top Dow performer for many years, was the fourth-worst performer in the 30-member index in 2019. Most investors are cautious, with 13 out of 24 analysts rating it a “hold” while seven still see it a “buy” and “strong buy”. Story has more financial details.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-14/general/boeings-worst-year-in-decades
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Boeing's worst year in decades
Boeing’s new CEO David Calhoun started work on Monday, inheriting a company that is reeling from the effects of two fatal crashes which led to the grounding of the 737 MAX last March. The Chicago-based firm is struggling for traction with financial investors and has ordered a full-scale halt in production of the 737 MAX that has already cost billions of dollars. Story features charts on a year of crisis for the company as it prepares on Tuesday to publish figures for 2019 that are expected to show a collapse of orders and deliveries and the loss of its status as the world’s biggest planemaker to Europe’s Airbus. Boeing, a top Dow performer for many years, was the fourth-worst performer in the 30-member index in 2019. Most investors are cautious, with 13 out of 24 analysts rating it a “hold” while seven still see it a “buy” and “strong buy”. Story has more financial details.<br/>
