Home Current News Economic heavyweight Boeing hammered by dual crises

Economic heavyweight Boeing hammered by dual crises

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Economic heavyweight Boeing hammered by dual crisesBoeing lost $52 billion on the stock market in a week, a rout that underscores the challenges facing the aircraft manufacturer amid setbacks over the 737 MAX and the coronavirus pandemic. The industrial giant has lost all the gains amassed since President Donald Trump arrived in the White House in January 2017, which begs the question: Is the maker of the presidential plane, Air Force One, on solid financial ground? “Boeing is in distress and a lot of that is self-inflicted.”

Source: yahoo.com/news