Weak Airline Industry Will Continue to Take Toll on Boeing

6/17 - "Perhaps the largest problem is Boeing's customers, as airline industry misery continues Wall Street is concerned it will spill over to the manufacturers of airplanes, like Airbus and Boeing, as orders are cancelled left and right. Worldwide, airlines expect to lose somewhere between $2.6 and $6 billion dollars in the current year. No matter how good those Dreamliners may be at miles per gallon, the impact of lost budgets will hit Boeing. The airlines need the more fuel-efficient planes but can't afford to purchase them."

"There are just too many concerns with the U.S. economy to allow Boeing shares to trend upward, so how low can they go?

Today Boeing shares are just $3 away from a new 52-week low, don't hold your breath. "