Boeing’s descent to junk doesn’t scare investors
Analysts and managers say market can absorb any selling pressure from potential downgrade
While Boeing executives were hoping for a blowout year in 2024, they didn’t mean it literally – after a door panel of one of its airliners burst away mid-flight in January. The incident resulted in no serious injuries, but sparked a costly safety crisis in a year that has seen growing questions over the US plane maker’s creditworthiness.
Boeing reported losses of $6 billion in its latest quarterly earnings. Its share price has nosedived roughly 40% this year. And on October 23, striking workers
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