Boeing pulls 2019 forecast, suspends buybacks - News Summed Up

Boeing pulls 2019 forecast, suspends buybacks


Investors and consumers have been keeping a close eye on Boeing due to two 737 Max crashesThe Boeing logo is pictured at the Boeing Renton Factory in Renton, Washington. Image Credit: AFPBoeing is pulling its 2019 forecast over 737 Max uncertainty and says it's suspending its stock buybacks. Boeing Co. said its previously issued full-year guidance didn't account for 737 Max impacts. Investors and consumers have been keeping a close eye on Boeing due to two deadly crashes involving the 737 Max. After a slump, they skyrocketed from late December until early March when another 737 Max crashed, this one operated by Ethiopian Airlines.


Source: Ethiopian News April 24, 2019 11:48 UTC



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