Like the rest of the market, Boeing's stock suffered from the April tariff tantrum sell-off. But it's been taking flight ever since.
The crash of a Boeing 787 passenger jet in India minutes after takeoff on Thursday is putting the spotlight back on a beleaguered manufacturer though it was not immediately clear why the plane crashed.The Air India 787 went down in the northwestern city of Ahmedabad with more than 240 people aboard shortly after takeoff, authorities said. It was the first fatal crash since the plane, also known as the Dreamliner, went into service in 2009, according to the Aviation Safety Network database.
BA shares fall 4.8% after the Air India 787 Dreamliner crash, raising fresh safety concerns for its commercial airplane model.
Boeing (NYSE:BA) declined by 5% on Thursday, June 12, following the devastating crash of an Air India 787 Dreamliner, resulting in the death of 241 individuals. Although the 787 is generally regarded as a very safe aircraft, Boeing has encountered considerable scrutiny and penalties over the past year due to ongoing quality control problems, especially regarding its 737 MAX fleet.
CNBC's Phil LeBeau joins ‘Squawk Box' to report on the latest news surrounding the tragic Air India plane crash.
Investors are looking for answers regarding the Air India Boeing 787 that crashed Thursday, killing more than 240 people.
Boeing and GE Aerospace are scaling back their public activities following the fatal crash of an Air India jetliner, with the planemaker's CEO canceling his trip to the Paris Airshow next week and GE postponing an investor day.
In the latest trading session, Boeing (BA) closed at $203.75, marking a -4.79% move from the previous day.
Air India Flight 171 crashed Thursday moments after takeoff from Ahmedabad, India, bound for London. There were 242 people on board when the Boeing Dreamliner crashed into a residential area, killing all but one person on the flight.
Shares of planemaker Boeing fell nearly 8% in premarket U.S. trading on Thursday after an Air India aircraft with 242 people crashed minutes after taking off from India's western city of Ahmedabad.
Thursday's deadly crash struck at Boeing's most ambitious and one of its most commercially successful jet programs — a coveted airplane that airlines the world over gladly wait years to receive.
The Boeing 787 Dreamliner, packed with 242 people on board, barely cleared the rooftops of the residential neighborhood just beyond the runway in the crowded Indian metropolis of Ahmedabad.