I follow BA quite closely and in fact, always flew Boeing equipment throughout my career as a pilot for United. I also traded BA quite a bit for years, even through the ups and downs.I talked to my son yesterday afternoon and he had just purchased some Boeing stock. He thought the price was too attractive to pass up. Personally, I am not buying anything.
I was impressed with their earnings and even the way they recovered after the two crashes on their newest version of their B-737-MAX. However, the 737-MAX still has not received approval from the FAA to fly again. All orders for the new plane were recalled by the various airlines that had purchased them. I’m not sure if they have even settled with the families of the 346 families that were killed in those two crashes.
Now, with travel being what it is, many of Boeing’s orders have been either cancelled or put on delayed delivery. Boeing is also asking for gov’t help (bailout). I think your son would have done better waiting before buying. It’s going to be awhile before recovery sets in for any travel related industry. But, that’s just my opinion. Like the old saying goes, “Never buy a stock on the way down.” I wish him and all investors good luck.