BA - Boeing In Crisis: Airplane Orders And Deliveries Tumble Stock Falls
2024-06-20 06:34:26 ET
Summary
- Boeing is facing a crisis following the Boeing 737 MAX 9 accident, with production rates dwindling and FAA banning production increases.
- Boeing's airplane orders and deliveries have significantly decreased, with net orders down year-on-year and deliveries declining by 52%.
- Boeing is under significant pressure, with analysts predicting a rise in net debt due to lack of deliveries and a need for a capable CEO with an engineering background.
The Boeing Company (BA) is once again in crisis mode as the company is in the crosshairs of the Department of Justice following the accident with a Boeing 737 MAX 9 in January this year. While expectations were high for this year with a promising path towards a near-full recover on airplane production rates, hopes of that have now dwindled. Things are so bad at Boeing that the FAA has banned Boeing from raising production on the Boeing 737 MAX program and airline executive have been dissatisfied with the US plane maker, leading to Boeing CEO David Calhoun announcing his departure by year-end....
Boeing In Crisis: Airplane Orders And Deliveries Tumble, Stock Falls