Argentine Airline Flybondi Slashes 75% of Flights, Ghosts Boeing
BA sits 36% above its 52-week low of $176.77.
Summary
Flybondi, a discount Argentine airline, has cut 75% of its flights and stopped communicating with Boeing, per Bloomberg. The airline's abrupt pullback raises the risk of order deferrals or cancellations from a customer that had ambitious growth plans. Boeing's backlog and delivery forecasts could face pressure if other emerging-market carriers follow suit. The news lands amid Boeing's push to ramp 737 production to record levels, making any demand-side wobble a concern for the production ramp.
At the time of this announcement, BA was trading at $239.60 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $189.8B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.