(Bloomberg) — Boeing Co.’s staggering decline is spurring doubts about how the planemaker — symbol of U.S. industrial might — will survive the coronavirus pandemic.Wall Street is already bracing for a dividend cut as Boeing seeks to preserve cash. And the company isn’t likely to make it at all without federal aid, activist investor Bill Ackman said Wednesday.“Boeing will not survive without a government bailout,” Ackman, head of Pershing Square Capital Management, said in an interview on CNBC. The hedge fund wasn’t a Boeing investor as of the latest public filings.Ackman’s warning underscores the intensifying pain for Boeing, which was …read more
Source:: Yahoo Finance
