Shares of The Boeing Co. (BA) are down more than 2% Wednesday morning, adding to the losses the stock has faced over the past year. The catalyst today is a potential downgrade for the company’s bonds. S&P Global Ratings sees concerns with the business from a cash perspective, and the mass worker strike currently [...]
Boeing (BA) shareholders have seen their investments shrink in value over the past year, as the stock has plummeted nearly 50% since December of 2023. From safety concerns to lawsuits and strikes, the company can’t seem to catch a break - but much of it appears to be self-inflicted as a result of cutting [...]
Boeing (BA) has been trying to purchase Spirit Aerosystems (SPR) for months now, and it looks like the deal has finally come to fruition. The two companies agreed to an all-stock deal for a valuation of $4.7 billion. This puts the airplane part manufacturer at $37.25 per share, whereas the company currently sits at [...]
Shares of Boeing (BA) moved more than 2% lower Wednesday amidst concerns that the company could be in more legal trouble. This time, the Department of Justice (DOJ) has said that the company could face prosecution for breaching a contract that was put in place to avoid legal trouble associated with the fatal 2018 [...]
Shares of Boeing Co. (BA) are down more than 3% to start the week after news of the US Justice Department’s criminal investigation broke. The airliner is being probed for its role in a recent near-disaster aboard a January 5 flight in which a door plug blew out, leaving a hole in the 737 [...]
Last week an Alaska Airlines flight experienced a near disaster on its flight from Portland, Oregon to Ontario, California. A Boeing 737 Max 9 aircraft experienced a full panel blowout just 6 minutes into the flight. As a result of the scare, the Federal Aviation Administration (FAA) made the decision to ground 171 Boeing [...]
While others enjoyed the usual lull of returning to normalcy after the holidays, many were stranded in airports around the country due to mass cancellations by Southwest Airlines (LUV). Historically, Southwest has been an industry leader in aviation - but today, the stock has taken a nosedive, dropping almost 6% Tuesday morning. These [...]
Delta Air Lines has doubled down on the momentum that’s been growing for them over the past few months. Early Wednesday morning they put out a press release stating that their “recession is over”. The post-pandemic travel boom is just beginning. Executives state that it’s unlikely the company will ever see the same level [...]
