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BA went up a lot in last couple years because there weren't any competition left and the demand for air travel has skyrocketed. They got 5000+ backorder for 73
by ww520 8y ago
BA went up a lot in last couple years because there weren't any competition left and the demand for air travel has skyrocketed. They got 5000+ backorder for 737Max alone for regional. Then Airbus bowed out of the long distance market, leaving it to Boeing's 787.
The current fiasco certainly will put a damper to their stock,but there's simply no other choice for new planes. They will bounce back.
Disclosure: I shorted/put BA yesterday morning
- gsnedders 8y ago> Then Airbus bowed out of the long distance market, leaving it to Boeing's 787. What? They have the A330neo and A350, the only wide-bodies they don't really compete with are the 747-8 and 777-9X.