Flat world is recovering it borders to slow down coronavirus spread and avia industry is greatly suffering from decline in travelling. For Boeing company that struggles to return its 737Max fleet back to the service this decline is a double blow. As a result market price for BA shares drops 70% to 100 dollars
I’m not sure if that it’s a bottom and they recover instantly. But I’m pretty sure that Boeing’s only rival Airbus could not provide enogh airplanes for avia companies. And also I believe that US government will do everithing to bailout company in case of financial troubles.
So, in long term perspective, it’s a wonderful chance now to buy a good company in your portfolio with a big discount.