Why Boeing Stock Lost Altitude Today
Shares of Boeing (NYSE: BA) have been grounded in recent years due to concerns about the pandemic and issues with its 737 MAX. Neither of those issues are completely resolved, and Boeing shares dropped 4.9% on Wednesday due to worries about a new twist in the pandemic.
It has been a rough few years for Boeing investors. The company was hit first by the 18-month grounding of its 737 MAX after a pair of fatal accidents. Before the MAX could get airborne again, the pandemic hit, causing travel demand to evaporate and leading airlines to focus more on cost control than buying new airplanes.
Image source: Boeing.
Source Fool.com
