Cargo carriers split on freighter strategy as Boeing delays extend
Cargo carriers are increasingly diverging on long-term fleet strategy as Boeing delays deepen, forcing ageing ...
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© Andrea De Martin
| Dreamstime.com
It was a rather dismal day for one of Flexport’s chief backers Shopify (SHOP) on the stock market yesterday: down -18.6% during an uneventful session for Mr Market, it shed $18.3bn of value on Bleak Wednesday 8 May, its market cap plunging to $80.8bn.
As happened the last time around in February, equity analysts didn’t bother asking management – who certainly put on a brave face with the sell-side pros despite a disappointing Q1 24 – anything about Flexport in the ...
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