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Anushka Dutta

Boeing Just Hit a New 52-Week High. Should You Buy BA Stock Here?

Boeing British Airways Boeing Stock Kelly Ortberg Qatar Airways

Aerospace and defense giant Boeing (BA) has faced scrutiny over the past few months due to some operational and financial challenges. Last month, this scrutiny was heightened after a Boeing 787 passenger jet crashed minutes after takeoff, resulting in the loss of more than 240 lives. 

However, preliminary findings from the crash recently showed that the fuel control switches in the cockpit had been turned to effectively cut off fuel to the engines. This also made it clear that Boeing was likely not the cause of the crash. The Federal Aviation Administration (FAA) and Boeing both reported that the company’s fuel switch locks were safe to use. 

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