The Max 8 is Boeing's "cash cow," said one aviation consultant. "It’s a big deal financially. It’s also a big deal reputationally."
Boeing developed the 737 Max 8 to replace the aging 737-800 — an airline workhorse for short- and medium-haul flights. “There are thousands on order, hundreds in service — it’s their cash cow. It’s a big deal financially. It’s also a big deal reputationally,” said airline industry consultant Robert W. Mann.
Industry experts said it was too early to tell if the reasons behind the two crashes were linked. “It’s going to come down to what the data recorder and cockpit recorder readout tell us, but presumably there are things you could do if you thought that MCAS was a factor in this as well,” Mann said. “You’re talking about conceivably in the hundreds of millions of dollars,” said Richard Aboulafia, vice president of analysis at Teal Group. That would be enough to cripple many companies, but Boeing’s $212 billion market cap means it will eventually bounce back. “It would sting but it’s hardly what you’d call a threat to the company’s well-being,” he said.
Hope they suffer more for their corruption
He will kill off all big corporations in America so tRump, Russia, China, ect will prosper and we will drowned. Squat and watch, we will see how unemployment goes. God have mercy on your sole if you support this president. My prayers for all family’s with losses in this tragedy
Trump ordered FAA today to ground the Boeing 737 to distract from the Wall Street Journal report today Trump's shutdown may have contributed to the Ethiopian crash. EthiopianAirlinesCrashTrumpCover
Don't worry Boeing, we'll make up for it in no bid defense contracts that you won't have to pay taxes on. Cool.
Unpopular opinion Boeing are the ultimate crony capitalists For years they have been allowed to price gouge and squeeze the US taxpayer with no competition allowed We should deregulate and open the bidding process to build jumbo jets Allow the free market to solve the issue!
Trth2Pwer68 timetoinvestinboeing iwantsomeofthatbailoutcashtoo
MSNBC followup probability of Trump insider trading.
Interesting, I wonder if the SEC is looking into any Boeing execs / shareholders connected to trump who may have dumped shared in advance of this?
They deserve it
Oh well.
He probably sold his Boeing stock before he signed the order!
Is Donnie giving the money back? racistconmancheat
The Great Controversy: Chapter (37) The Scriptures A Safeguard. The Great Controversy: Chapter (38) The Final Warning.
Trump what about if collusion could prove you’re innocent would you say there was collusion they’re coming to get you trump
Finally!
Trump probably cashed his Boeing stocks out beforehand.
Good! Why should they profit when their planes kill people!
Just like their planes.
Lives were lost, hopefully some will be spared after the grounding orders. No tears for falling shares.
Thank you President Trump for putting American live first, again. Leftists will hate this action by POTUS.
Anticipating this would happen and a phone call, is potentially the reason why it took so long to ground the planes. Thanks, Canada.
Pelosi and Schumer are now holding a press conference objecting to President Trump's unconstitutional use of the National Emergency
Shares in human life went up, you jerks.
I'm sure they Did !!
Bout time slow ass!
Why did it take so long you ask?
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U.S. says Boeing 737 MAX 8 airworthy but says Boeing will make design changesThe United States told international carriers on Monday that the Boeing 737 MAX ... So it's fine, just needs a design change. Thinks: I'm happy to travel on one as long as I'm not travelling. The water is fine, just need to filter out the dirt Seems like Design Changes got them to this point.
Source: Reuters - 🏆 2. / 97 Read more »
Canada joins Europe in banning Boeing Max 8, Max 9 aircraft from its airspaceI have a flight with one of those in a couple of months... Panicking... Their are a bunch of engineers saying i told you soooooo!
Source: MarketWatch - 🏆 3. / 97 Read more »
Trump says U.S. to ground Boeing 737 MAX 8s and MAX 9sU.S. President Donald Trump said on Wednesday that the United States was going to order the grounding of all Boeing Co 737 MAX 8 and MAX 9 aircraft after a crash in Ethiopia that killed 157 people after rising pressure from U.S. lawmakers and others to join regulators around the world. 'We are tRump should have made that announcement before the plane crashed killing all on board. He is only doing it after the fact to protect his own ass. Has he suggested parking them end to end along our southern border yet? Safety is His Yuge concern Stop Copying stop trying to be a news Tweet Yahoo is not a news
Source: YahooNews - 🏆 380. / 59 Read more »
Southwest says it remains 'confident' in its fleet of Boeing planes after Ethiopia crashSouthwest Airlines Co. expressed confidence in its Boeing Co. aircraft and said has no plans to change operations in the wake of a deadly crash involving a 737 Max 8 aircraft in Ethiopia. But shares of the airline fell over 3% in premarket trading, alongside a nearly 9% drop in Boeing shares. "As Southwest operates a fleet of 34 Boeing 737 MAX 8 aircraft, we have been in contact with Boeing and will continue to stay close to the investigation as it progresses," said a spokesman for the company. Ethiopian Airlines Flight 302 crashed shortly after takeoff from the capitol of Addis Ababa, killing all 157 people on board. It's the second deadly accident involving Boeing's popular 737 Max 8 in six months, with the last occurring in October when an Indonesia Lion Air jet crashed into the sea, killing all 189 on board. China's civilian aviation authority has ordered all airlines to ground those Max 8 planes, while Ethiopian Airlines has grounded its entire fleet of those planes. "We don't have any changes planned to our operational policies or procedures," said the Southwest spokesman. Losses for Boeing drove a 170-point drop in Dow futures. Boeing needs to ground all these new 737's immediately Caution is warranted pending the investigation and review of the facts at hand. Dont be a hero
Source: MarketWatch - 🏆 3. / 97 Read more »
Boeing shares fall sharply after second deadly 737 MAX 8 crashShares of Boeing sank as some airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane. When is the 3rd coming SquawkCNBC Ross Sorkin asks if crash has anything to do with China trade talks? “Stock expert” yes possibly. Joe laughs on air at both! SquawkCNBC Be careful not to minimalize the loss of life when you report...
Source: CNBC - 🏆 12. / 72 Read more »
Boeing says has no new guidance for 737 MAX 8 operatorsBoeing said on Monday the investigation into the Ethiopian Airlines crash is in ... I should think a stern, 'Don't fly them into the ground' would be in order. Five months and two crashes with more than 200 people died. All airlines in the world should stop ordering this series 737-8 Max.
Source: Reuters - 🏆 2. / 97 Read more »
Airlines ground Boeing 737 MAX 8 planes after crash'Alarms should be and going off all through the aviation industry,' says transportation analyst MarySchiavo on the Ethiopia Airlines crash. She says the US should ground Boeing 737 MAX 8 planes for now. 'Everybody should... Boeing should take the lead.' McKenzieCNN flyethiopian remains the best and largest airline in Africa... And I am Proud to have used the airline and I will continue using it. Boeing company should answer the questions flying round the social media. McKenzieCNN *Boeing 737-8 Max McKenzieCNN But will anyone go to jail for these deaths? whitecollarmurder
Source: CNN - 🏆 4. / 95 Read more »
China, Ethiopia and Cayman Islands ground Boeing 737 Max 8 aircraft after crashA growing list of airline carriers around the world are grounding their fleets of Boeing 737 Max 8 aircraft in the wake of a crash that killed all 157 people on board. pEOPLE should only fly ASTEROIDS not planes ASTEROIDS don't pilot,engines,wing,tail,tailwing,doors,slaps,willows,allfailatsumtime,humansmakethem!!! Thinking about all the sadness this has caused, a lot of grief that should not happen again, unnecciarily. Safety first unlike the US where profits before people.
Source: ABC - 🏆 471. / 51 Read more »
Boeing shares fall after second deadly 737 MAX 8 crashShares of Boeing Co slid 9 percent in early trading on Monday as many airlines g... They all need to be added to Hillary Clinton’s body count Is anyone going to use that engine on the floor? Inevitable
Source: Reuters - 🏆 2. / 97 Read more »