- The 737-MAX crisis, followed by the COVID crisis has led to a significant deterioration of Boeing's financial situation, while its brand will continue to suffer from continued safety doubts.
- As the COVID crisis will most likely recede, leading to a return of air travel, Boeing will face emerging competition from Russian and Chinese plane manufacturers.
- Even as competition is set to challenge the Boeing-Airbus duopoly, especially in the developing world, Boeing is facing the challenge with a significantly deteriorated financial situation.
- Aside from a challenge to the dominance of the market in the developing world, there is the added potential challenge of a potentially stagnated air travel market in the developed world, due to economic stagnation & environmentalist activism.
- While Airbus & Boeing may continue to dominate developed world plane sales, it may be a disappointing consolation prize, given the poor prospects of the Western market for plane travel growth.
For further details see:
Boeing's Future Looks Bleak Given Multiple Headwinds, From Multiple Fronts