Boeing’s Calamities Push Stock to Its Widest Gap With Airbus Ever
- US planemaker’s stock down 29% this year amid multiple mishaps
- Airbus poised to take more market share from Boeing: analyst
Boeing 737 Max airplanes
Photographer: David Ryder/Getty ImagesThis article is for subscribers only.
As the troubles faced by Boeing Co. deepen and reverberate through the airline industry, the planemaker is falling even further behind its biggest competitor, Airbus SE.
After a 29% drop in its share price so far this year, Boeing’s market valuation is now lagging Airbus by the most ever. At $112 billion, the troubled US company is about $24 billion smaller than its European counterpart, as of market close on Tuesday.