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Thread: Boeing to cut 10% of workforce amid staggering $641 million loss in first quarter
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Old 2nd May 2020, 20:16
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PAXboy
Paxing All Over The World
 
Join Date: May 2001
Location: Hertfordshire, UK.
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Originally Posted by ATC Watcher
And as a result the Boeing share price jumped 10% today ... crazy world.
The stock market is looking for ANYTHING that will push stocks higher - so that they can then sell them to recoup some losses. This movement is insignificant as the market has not yet reached the bottom - by some measure.

Boeing will make sure they get FAA approval for the Max - so that they can say that they did it. It's subsequent failure can then safely be seen as the fault of CV19. As PAX I would see it as a point of principle not to fly the Max.
Last edited by PAXboy; 2nd May 2020 at 22:45.
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