Shares of embattled aerospace firm Boeing Co (NYSE:BAS) are 4.2% lower at $173.23 at last glance, a day after a fatal crash in South Korea involving the company's 737-800 aircraft.
A rebounding Boeing stock took a hit Monday after South Korea looked into the cause of Sunday's deadly Jeju Air crash. The post Boeing Stock Slumps As S.
Boeing is in red today after South Korea ordered a “comprehensive special inspection” of all B737-800s – the aircraft involved in the Jeju Air crash that killed 175 passengers over the weekend. The deadly incident has once again raised significant concerns about aviation safety.
Boeing (BA) shares are falling 4% in premarket trading Monday after a 737-800 operated by South Korea's Jeju Air crashed, killing 179 people, in the latest accident involving one of the U.S. company's planes.
After experiencing severe headwinds through most of 2024 due to faulty aircraft from the MAX series and a major worker strike, things appeared to be finally looking up for Boeing (NYSE: BA) in November 2024.
"We will examine compliance with various regulations, including operational records, inspections, and maintenance conducted before and after flights."
Jeju Air's flight 2216 crash landed at South Korea's Muan International Airport on Dec. 29 killing 179 of the Boeing plane's 181 passengers
The tragic crash of an older 737 model jet in South Korean could move Boeing stock early this coming week.
Shares in Boeing Co (NYSE:BA, ETR:BCO) fell 4.5% pre-market on Monday after a crash in South Korea yesterday that involved one of its aircraft. Authorities in the country are reportedly planning a separate check of all Boeing 737-800s, after 179 people died in the crash on Sunday.
The coming year will be crucial for Boeing to show customers, suppliers, investors, regulators and competitors that it truly is on the road to recovery. Since 2018, when the first MAX flown by Lion Air crashed killing all 189 occupants, Boeing has struggled to maintain stability through production halts, regulatory oversight and labor unrest.
Recently, Zacks.com users have been paying close attention to Boeing (BA). This makes it worthwhile to examine what the stock has in store.
Elon Musk had some criticism for former Boeing CEO Dave Calhoun on Christmas Day. "Boeing is on a much better track with the new CEO," Musk wrote on X.