For the best Barrons.com experience, please update to a modern browser.To order presentation-ready copies for distribution to your colleagues, clients or customers visit.Between the MAX and the Covid-19 pandemic there has been a lot to digest.
Boeing 737 Software Issues Update To ABut Wednesdays action from the FAA puts one outstanding MAX issue to bed. Boeing has been working with global aviation authorities, including the FAA, since then to fix problems and bring the MAX back into commercial service. The MCAS system received bad sensor data, pushing the nose of both planes down. We support the FAAs airworthiness directive, which makes our recommended action mandatory. It is likely to be a small amount, relative to the cost and continuing operation of the plane. The plane maker has set aside money to compensate customers for MAX delays. Commercial air travel is down about 80 year over year this month and Wall Street isnt sure how fast demand will come back. As a result, less than 40 of analysts covering the stock rate shares the equivalent of Buy. Airline shares are down closer to 50 year to date, on average.
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