- Boeing’s new Chief Executive Officer 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. Following are 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 after two air disasters within five months killed 346 people on the new MAX planes. Most investors are cautious, with 13 out of 24 analysts rating it a “hold” while seven still see it a “buy” and “strong buy”.
dishonesty and GREED didn't help!!
Boeing can go bankrupt for all I care. F them.
Well they have been killing their customers.....
Pretty sure Lion Air 610 and Ethiopian Air 302 Crew and Passengers had worse years...
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