Boeing Shares Drop After South Korea Plane Crash
Published On Dec 30, 2024, 5:47 AM
A Jeju Air flight using the Boeing 737-800 crashed in South Korea, resulting in the deaths of 179 people. Following this incident, Boeing's stock fell over 4% in premarket trading. South Korea's transportation ministry is conducting inspections of all Boeing 737-800 planes in the country. Boeing's shares have already decreased by about 30% this year due to quality control issues, labor strife, and increasing debt, despite the Boeing 737-800 being considered safe.
Stock Forecasts
BA
Negative
The deadly crash involving a Boeing aircraft could lead to increased scrutiny and inspections of Boeing's planes, which may dampen investor sentiment in the short term. The airline's ongoing quality control issues and recent labor strikes further compound the situation.
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