Boeing's not so good very bad week just got worse. Shares of the aerospace giant lost another $2 billion in market value on Friday as the company launched its new Starliner space capsule into the wrong orbit.
Also on Friday, another major airliner pushed back the date it expects to start flying Boeing's grounded 737 Max jet again, this time until June.
Boeing stock, which fell to $330 on Friday, has now lost more than $60 billion in market value since the March crash of an Ethiopian Air 737 Max jet, the second of two crashes of the airplane model in less than six months. The two crashes resulted in 346 deaths and the aircraft has been grounded ever since. On Monday, Boeing confirmed that is was temporarily suspending production of the jet.
https://www.cbsnews.com/news/boeing...a-rocket-launch-mishap-and-more-737-max-woes/
Also on Friday, another major airliner pushed back the date it expects to start flying Boeing's grounded 737 Max jet again, this time until June.
Boeing stock, which fell to $330 on Friday, has now lost more than $60 billion in market value since the March crash of an Ethiopian Air 737 Max jet, the second of two crashes of the airplane model in less than six months. The two crashes resulted in 346 deaths and the aircraft has been grounded ever since. On Monday, Boeing confirmed that is was temporarily suspending production of the jet.
https://www.cbsnews.com/news/boeing...a-rocket-launch-mishap-and-more-737-max-woes/