Boeing Shares Finally Recoup Losses From 2024 Midair Fiasco

Core Viewpoint - Boeing Co. shares have recovered from significant losses following a midair incident in January 2024, indicating growing investor confidence in the company's turnaround under CEO Kelly Ortberg [1] Group 1: Stock Performance - The stock rose 0.5% on Tuesday, closing at $249, the same price it was at before the January incident [2] - Following the incident, Boeing's stock tumbled as much as 45% over the next 15 months [2] - The stock experienced a 15% increase in December, marking its best month in two years, after the company projected a return to cash generation in 2026 [6] Group 2: Company Recovery and Management - The new leadership has stabilized Boeing's business and is on track for recovery, with expectations of the first annual profit in seven years by 2026 [3] - Investors have responded positively to management's decisions, particularly due to strong orders and a shift to positive quarterly free cash flow [4] Group 3: Production and Regulatory Developments - Boeing is increasing production of the 737 while addressing manufacturing quality issues and improving workplace culture [5] - US regulators have allowed Boeing to raise its 737 output to 42 planes per month, lifting a previous cap of 38 per month imposed after the January incident [5] Group 4: Market Position - Boeing has outperformed rival Airbus SE in jet sales for the first time since 2018, reflecting strong demand in the market [6]