If you have ever flown, chances are you have been a customer of The Boeing Company. Boeing airplanes have been employed on domestic and international flights by American Airlines, British Airways, Air Canada, Virgin Atlantic, Delta Air Lines, Emirates, and more. Aside from aircraft, the company also designs, manufactures, and sells rotorcraft, communications equipment, satellites, and missiles worldwide.
The company was founded in 1916 by William E. Boeing in Seattle, Washington. It first assumed the name Pacific Aero Products Company and underwent several changes before landing on The Boeing Company in 1961 to reflect its expansion beyond aircraft manufacture. As of 2021, Boeing is headquartered in Chicago, Illinois.
The company was hit hard by the onset of the COVID-19 pandemic that created an enormous dent in air travel. In May 2020, the drop in air travel caused Boeing to cut over 12,000 jobs. Two months later, it reported a loss of $2.4 billion. Around that time, aviation regulators and airlines around the world grounded the company’s flagship airliner, the 737 MAX, after an inquisition into two fatal crashes in the previous years.
By October 2020, Boeing President and CEO David Calhoun announced the lay-off of nearly 30,000 employees as a result of financial losses from the pandemic. However, in March 2021, the company’s share price rose 20.1% after it announced the return of its Dreamliner aircraft. With Southwest Airlines closing a deal to buy an additional hundred jets from Boeing, Calhoun has suggested 2021 is an ‘inflection point’ for the aircraft manufacturer.
Boeing first went public on the NYSE in January 1962 under the ticker ‘BA’ with a share price of $0.80. In 2021, Boeing had a market capitalization of over $120 billion. Institutional investors hold majority ownership of Boeing, controlling 53.92% of outstanding shares. These include Newport Trust, Vanguard, and SSGA.
To buy Boeing shares, you can log into any of our Saxo platforms and search for The Boeing Company with the ticker ‘BA’. If you don’t have an account yet, you can create one right now by clicking here.
You can check the current price of Boeing shares by logging in to your account and searching for the ticker ‘BA’. Select the trade ticket, click the ‘I’ icon and navigate to ‘Trading Rates’ to see transaction costs. If you don’t have an account, you can click here to register.
A good investment depends on various factors. Saxo’s customers have access to a wide range of stock analysis, financial reports, and current and historical price charts upon logging in to the trading platform. If you are not yet a customer with us, you can open an account here.
Currently, Boeing has suspended issuing dividends. Previously, it made quarterly pay outs between $1.70 to $2.10 which had been maintained for the past few years. You can view Boeing’s full dividend history on your online platform by signing in to your account. If you don’t have one, you can register here.
To see how Boeing shares have performed historically, simply log in to your account on your preferred Saxo trading platform and check out detailed price charts and financial data. If you don’t have an account yet, you can open one now by clicking here.
