Boeing shares slide after deadly South Korean plane crash
Shares of Boeing are down today following Sunday’s deadly plane crash involving a Boeing 737-800 in South Korea. All but two people onboard the plane — 179 people — were killed in the country's worst aviation accident in almost 30 years.
The root cause of the crash is still being determined. Today South Korea said it will inspect all 101 Boeing 737-800s used by its airlines between today and Friday, looking at maintenance records of the planes’ major systems.
The 737-800, a more established line than Boeing’s newer 737 Max, is used by about 200 airlines globally.
Shares of Boeing are down more than 31% in 2024, a year that began with a door-plug panel blowing off of a 737 Max flown by Alaska Air. Amid intense regulatory scrutiny and excessive production delays, 33,000 of the company’s union machinists went on strike for seven weeks starting in September.
The 737-800, a more established line than Boeing’s newer 737 Max, is used by about 200 airlines globally.
Shares of Boeing are down more than 31% in 2024, a year that began with a door-plug panel blowing off of a 737 Max flown by Alaska Air. Amid intense regulatory scrutiny and excessive production delays, 33,000 of the company’s union machinists went on strike for seven weeks starting in September.
