Turbulent Times at Boeing

17 min read

Boeing has had a turbulent second and third quarter this year. It was related to the worldwide grounding of the Boeing 737 Max following two fatal 737 Max crashes that were blamed on new anti-stall technology installed on the new Boeing 737 Max. Boeing shares soared above $380 in the last week of September, hovering at the highest levels since the 737 Max was grounded in March 2019. This is nearly a 29% rebound from its mid-August 2019 low of $320. The rally began shortly after Reuters reported in late August that Boeing announced that it anticipates to ramp production…...

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Fred Romero Fred is the CEO of a prominent large New York City-based non-profit. He obtained a master's degree from Columbia University School of Social Work and a master's degree from CUNY Baruch College Zicklin School of Business.