Amid ongoing scrutiny of Boeing (NYSE:BA), political scientist Ian Bremmer reacted to an article by the New York Times on the airline’s struggle to maintain financial performance and safety standards.
What Happened: On Sunday, Bremmer posted a screenshot of an article by the New York Times headlined “Boeing Faces Tricky Balance Between Safety and Financial Performance” published first in January on X, formerly Twitter.
“Are you f***ing kidding me,” he wrote.
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Why It Matters: Boeing is currently under intense scrutiny following a series of aviation incidents. U.S. Transportation Secretary Pete Buttigieg emphasized the need for “an enormous amount of rigor” in dealing with Boeing after a fuselage blowout on an Alaska Air Group Inc. flight in January.
Further pressure mounted on Boeing after a string of mechanical failures leading to emergency landings, including an incident with an American Airlines-operated Boeing 777.
United Airlines was contemplating a significant fleet change, potentially replacing delayed Boeing 737 Max 10 orders with Airbus SE’s A321neo jets. This move could signal a loss of confidence in Boeing and a competitive advantage for Airbus.
The aerospace giant’s stock has seen a decline, with a previous close at $182.53 and a recent drop to $180.70, marking a 1% decrease.
Read Next: Up To 40% Of Americans Fear Air Travel, And Boeing’s Issues Aren’t Helping — Here Are 2 Ways To Try To Avoid Being On A Boeing Plane
Image Via Shutterstock
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