Oh my gosh, like, Boeing is having such a rough time, you guys! So, first off, the 737 Max crashes were a total disaster—two deadly crashes in 2018 and 2019 that grounded the planes globally for nearly two years. Not cute. And if that wasn’t bad enough, the company was already struggling with 787 Dreamliner issues, like, loose bolts, gaps in the fuselage, and total production delays. It was a major hit to their rep, and their stock just, like, kept plummeting.
Okay, fast forward to 2020, when the pandemic came in like, “No flights for you!”—so Boeing’s finances were so in trouble because airlines were cancelling orders left and right. Their stock, which was around $440 pre-crash, tanked to $95 during COVID. They did manage a bit of a comeback in 2020 when the FAA lifted the Max grounding, and their stock climbed back to $230. But it didn’t last long—production delays, safety concerns, and more bad headlines kept hammering Boeing.
And omg, the 787 Dreamliner continued to have problems, like loose bolts and poor assembly practices, even after they fixed some stuff! Boeing had to suspend deliveries of those planes for over a year in 2021 because of those issues.
To make it even juicier, in May 2023, there was, like, an actual incident where a door opened mid-flight on a Southwest 737 Max. How terrifying is that?! Boeing’s safety record was already under a microscope, but this took things to the next level. It’s, like, no wonder people are freaked out about flying on their planes now.
Then, fast forward to October 2024, Boeing announced it’s cutting 17,000 jobs—that’s, like, 10% of their global workforce—because of financial problems and a factory workers’ strike. People were protesting for better pay and job security, so the strikes slowed down production even more. Plus, Boeing announced they’re ending production of their 767 Freighter by 2027 and delaying the 777X until 2026. So, not a great look right now.
And, like, the worst part is their stock price has been in free fall. It went from $440 per share in 2019, down to $95 in 2020 when COVID hit, and now, after all the layoffs and strike drama, it’s sitting around $170. That’s a huge drop.
So yeah, Boeing’s going through, like, a major rough patch. They’ve got to deal with safety concerns, massive layoffs, and trying to fix their reputation in an industry that’s, like, super competitive. If they don’t get it together, it’s gonna be so hard to bounce back!
XOXO,
Valley Girl News
