this post was submitted on 24 Jan 2024
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Working for Boeings PR department must be absolute madness right now… imagine having to somehow excuse all those fuck ups and every week there is a new one
Except this one isn't even a Boeing issue - this is a plane Delta has operated since 1992. This is entirely Delta's maintenance's fault. Boeing will still get blamed for it, of course.
I know, but no one cares who’s responsible at the moment. What people care about is that they read a new article about Boeings planes endangering passengers every 3 days. So while Delta is most likely at fault, Boeing is gonna take the hit to the company image. That’s why I was specifically speaking about the Boeing PR team. Those guys and the crisis managers won’t be able to catch a break for a loooong time.
The company is still worth over 100 billions. They do something right.
Otherwise I agree with you. It's almost hilarious to see fail after fail (as long as you are not in the plane).
What they do right is having a duopoly with Airbus, and great military contracts. So investors know that even if things are shit rn, they will probably get better again.
Furthermore, while I agree that Boeing probably will not go bankrupt over this, the valuation sometimes is not a great indicator of what’s going on internally. Enron was worth over 60 billion. Half a year later they were at zero. Now I’m not saying Boeing is nearly that bad, but they are in some trouble for sure.