Tariffs have knocked Boeing’s stock price lower than it was when 737 doors were flying off mid-flight

After months of self-inflicted damage to its reputation and revenue, Boeing is being reminded that outside factors play a role in stock price, too. Shares of America’s beleaguered plane maker fell to as low as $132.79 intraday Friday, their lowest level since October 26, 2022.

Back then, Boeing stock was recovering a month after the company paid a $200 million penalty to the SEC to settle charges that its former CEO made materially misleading statements on two deadly 737 crashes in 2018 and 2019.

Boeing’s intraday Friday bottom is surprising, considering the events that Boeing’s experienced over the past 18 or so months. If you’ll recall, a door plug on a 737 Max 9 blew out mid-flight in January 2024, and 33,000 of the company’s union machinists went on strike for seven weeks last fall (costing Boeing about $50 million per day). Last year was Boeing’s worst since 2020, with the company’s annual loss totaling $11.8 billion.

Squeezing the stock lately are Trump administration tariffs, which are set to close a 45-year chapter during which Boeing, Airbus, and other jet manufacturers were largely exempt from the levies across the US, China, Canada, and most of Europe. China on Friday announced 34% reciprocal tariffs on US goods.