14.05.2020 Boeing Daily Analysis

14.05.2020 Boeing Daily Analysis

Boeing today is trading at $123.01, it is trading higher with #1.51 mainly because Boeing agreed to compensate2.4B reais ($412M) as compensation for the grounding of 737 Max planes to Brazil airlines Gol Aereas  Inteligentes. Gol, Brazil's largest airline is one of Boeing's biggest customers and had ordered more than 100 737 Max jets, the orders have since been reduced, and Gol says it will not make new aircraft payments to Boeing for the next two years. However, CEO Dave Calhoun recently claimed that the company airline industry isn't going to return to the same levels of traffic as 2019 for years. He even warns that a major airline could likely go bankrupt this year and this might affect Boeing shares.