Jim Cramer Says Boeing Is Losing Business to Airbus

TheStreet's Jim Cramer said Boeing is under pressure from the strong dollar and that's why it's losing business to Airbus.
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TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Boeing (BA) - Get Report is under pressure from the strong dollar and that's why it is losing business to Airbus. 'The competitive advantage to Airbus is so much better right now than Boeing because of the euro,' Cramer said, adding that the strong dollar is causing Boeing to lose orders, which leads to job cuts. Boeing shares lost 11.2 percent since the start of the year.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.