This 1 Chart Illustrates Why Boeing Is Going to Be Fine
The past three years have been miserable ones for shareholders of Boeing (NYSE: BA). The stock's big 2017 rally in front of the debut of the 737 MAX came to a screeching halt in 2018. And any hopes of a renewal of that uptrend were ultimately upended by early 2019 following two separate crashes of the ballyhooed aircraft. Before Boeing was able to address the design flaw -- a computer problem rather than a structural one -- the COVID-19 pandemic took hold, crimping demand for air travel, and subsequently crimping demand for passenger jets. In several months during 2020, Boeing sold no new planes and delivered only a relative handful.
The stock price is still down around 50% from its 2019 high (and still struggling) even though it's up more than 150% from its early 2020 low.
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Source Fool.com
