BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus.
And now that the dust has settled at aerospace stock Boeing (BA), it is now time to look to the future, and see if Boeing can pull off anything
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and that it will be allowed by the administration of U.S. President Donald Trump to then increase that to 42,
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
Boeing's focus on core values and product-driven turnaround under CEO Kelly Ortberg offers promising long-term potential. Click here to read why BA is a Buy.
Boeing CEO and President Kelly Ortberg has completed a portfolio review of the embattled aerospace and defense giant’s businesses, and divestitures could begin in six to 12 months, although it will not entail a selloff of the defense and space division.
Boeing Co (NYSE:BA) reported a 31% year-over-year revenue decline to $15.242 billion in the fourth quarter of 2024, missing the consensus of $16.174 billion. Adjusted loss per share grew to $5.90 from $0.
FAA sais thaat on 13 January 1982, Air Florida Flight 90 crashed shortly after takeoff from Washington National Airport, Washington, as it collided with the 14th Street Bridge before crashing into the then-ice-capped Potomac River shortly after takeoff.
By providing staffing solutions and HR services to airlines and MROs, flexible models of staffing are providing key value to those who need it most during these turbulent times.