Boeing Stock Slumps 4% After Another Dreadful Earnings Report

Boeing (NYSE: BA) struggled mightily in 2020. The COVID-19 pandemic, the 737 MAX grounding, and 787 Dreamliner production flaws combined to crush its commercial aviation business, which delivered just 157 jets last year, down from 806 in 2018.

Over the past few months, Boeing has finally started to see some light at the end of the tunnel. The Food and Drug Administration and its peers around the world have approved several COVID-19 vaccines, paving the way for mass vaccination campaigns. Meanwhile, regulators in most major markets have recertified the 737 MAX. Nevertheless, Boeing's fourth-quarter earnings report highlighted just how much work remains ahead of the aerospace giant. That drove Boeing stock down 4% on Wednesday.

Source Fool.com