Boeing Is Reeling From Major Annual Losses and the 737 Max Debacle — Should Investors Cut and Run?
To say that Boeing (NYSE: BA) has experienced its fair share of struggles of late is a massive understatement. Following the two tragic 737 Max crashes that killed 346 passengers in Indonesia and Ethiopia in October 2018 and March 2019, respectively, Boeing grounded its entire fleet of Max jetliners. At the time of this article, the Boeing 737 Max still awaits regulatory approval to be recommissioned for commercial use.
While Boeing had hoped to get the 737 Max off the ground at the start of 2020, continuing regulatory delays mean the jetliner probably won't be transporting passengers again until summer or fall of this year. The Boeing 737 Max plane was the company's bread and butter, and grounding the fleet has cost the company near $20 billion in total.
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Source Fool.com
