Boeing on track to be 2024's biggest loser in Dow Jones Index

Reuters - 31/12
U.S. planemaker Boeing is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32% as it bounced from one crisis to another.
  • Boeing shares fell 32% amid crises and production issues
  • Boeing announced workforce reduction, and expects cash burn in 2025
  • Rival Airbus up 11%, S&P 500 gained 23% in 2024
Dec 31 (Reuters) - U.S. planemaker Boeing (BA.N), opens new tab is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32% as it bounced from one crisis to another.
Rival Airbus (AIR.PA), opens new tab rose more than 11% for the year, and the benchmark S&P 500 (.SPX), opens new tab gained more than 23% during 2024.
Boeing's shares opened the year at $257.50. However, a mid-air cabin panel blowout on Jan. 5 aboard a recently-delivered 737 MAX operated by Alaska Airlines (ALK.N), opens new tab triggered investigations and a temporary grounding of the popular single-aisle airplane.
By the end of the month, the U.S. Federal Aviation Administration, citing safety and quality concerns, capped 737 production at 38 airplanes a month and the company's share pr...
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