John Sindreu
speaker
195 appearances
4 recordings
1 series
first heard Feb 2018
last heard Mar 2019
John Sindreu’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Boeing Shares Likely to Recover After Ethiopia Jet Crash · 12 Mar 2019
podcast
Yes, they were not as tragic to be clear, but they did have back in 2013
a bunch of problems and emergency landings that were caused by, you know, the Dreamliner's faulty lithium-ion batteries.
And, you know, the Federal Aviation Administration ended up sort of halting all flights that were using the 787, and the plane spent four months on the ground while Boeing was designing a fix and, you know, waited for the, you know, upgrades to get the green light, and then regulators allowed the airlines to start updating all the
all the planes.
And what we learned from that is that, yes, at the beginning, Boeing shares started doing pretty badly.
They were lagging the S&P 500 for a couple of months.
But as it was clear that nothing else was going on, by the time that the problem was fixed in May of 2013, they had more than made up for the underperformance already.
They ended up rising far more
than the S&P 500.
So the lesson here really is that, you know, these disruptions and even, you know, deadly crashes, which are tragic and sort of, you know, they affect the reputation of the company a bit more, don't really end up mattering that much for, you know, the plane models that are involved.
They did a little bit, especially as the day went along.
But no, not a lot.
Like, you know, at some point they were up a bit more than 1%.
And this was on a day when the, you know, the broader European stock market was up.
So it wasn't...
And you could even see, you know, even before the U.S.
market opened, the futures for Boeing shares were down a lot.
Whereas, you know, the market didn't fixate on Airbus.
Like, I really think the thought here wasn't so much, oh, you know, the 737, which is, you know, the best-selling plane in history, actually, as a model.
The MAX is the latest iteration.
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