/biz/ - Business & Finance

Boeing, one of the cornerstones of US industry, is now down over 5 years.
Boeing has spent over $45 Billion in just stock buybacks since 2013. To put that in perspective, the creation of their most expensive failure that was deemed over budget was $32b. The 737 Max, the aerial coffin that can't fly, cost them $3b. EBITDA in 2019 was down almost 100% from 2018 levels and profit went down 77.02%.
And this is all before the giant coronavirus crash.

Will Boeing go under, or will the US taxpayer have to fund another bailout? Will people accept bailing out a bad company that focused on financial engineering over aerospace engineering and enriching shareholders instead of making a good company?