22.01.2020, 08:38
Boeing Shares Fall 4% After 737 MAX Statements
Source: OREANDA-NEWS
OREANDA-NEWS. Boeing shares during trading on the Nasdaq US stock exchange lost 4% after the company announced a delay in the resumption of flights of 737 MAX aircraft.
As of 01:55 Moscow time, the stock was trading at $ 311.1 apiece (minus 4.03%). The main suppliers of Boeing, General Electric and Spirit AeroSystems, are also losing. Their shares also declined, falling 1.1 and 3.2%, respectively. Stocks of airlines with 737 MAX standing idle are also becoming cheaper - American Airlines Group Inc. (minus 4%), United Airlines Holdings Inc. (minus 4.2%) and Southwest Airlines Co. (minus 2.4%).
Tuesday Boeing Co. She stated that she did not expect to get the approval of regulatory authorities for the return of 737 MAX to operation until mid-2020. “The safe return of MAX to service is our priority, and we are confident that this will happen”, Boeing said in a statement. “We acknowledge and regret the continuing difficulties that have been created for our customers, regulators, suppliers and the general public in connection with the 737 MAX”, the company added.
As of 01:55 Moscow time, the stock was trading at $ 311.1 apiece (minus 4.03%). The main suppliers of Boeing, General Electric and Spirit AeroSystems, are also losing. Their shares also declined, falling 1.1 and 3.2%, respectively. Stocks of airlines with 737 MAX standing idle are also becoming cheaper - American Airlines Group Inc. (minus 4%), United Airlines Holdings Inc. (minus 4.2%) and Southwest Airlines Co. (minus 2.4%).
Tuesday Boeing Co. She stated that she did not expect to get the approval of regulatory authorities for the return of 737 MAX to operation until mid-2020. “The safe return of MAX to service is our priority, and we are confident that this will happen”, Boeing said in a statement. “We acknowledge and regret the continuing difficulties that have been created for our customers, regulators, suppliers and the general public in connection with the 737 MAX”, the company added.
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