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| Economy |
| Boeing stock falls after company grounds 737 Max 9 planes |
| 2024-01-09 |
| [Washington Examiner] Boeing’s stock nosedived on Monday after the Federal Aviation Administration grounded dozens of Boeing 737 Max 9 planes over the weekend. Boeing was down more than 8% as the markets opened. The drop comes just after harrowing video from an Alaska Airlines flight on Friday showed a large panel on the side of the plane being torn off after the flight took off. Phones and other items were sucked out of the window as oxygen masks deployed. It isn’t yet clear what caused the door panel to blow out, although the FAA ordered inspections for certain Boeing 737 Max 9 aircraft operated by U.S. airlines or in U.S. territory. In total, some 171 airplanes will be affected by the grounding order. planes assembled on Friday afternoons? "The FAA is requiring immediate inspections of certain Boeing 737 Max 9 planes before they can return to flight," FAA Administrator Mike Whitaker said. "Safety will continue to drive our decision-making as we assist the NTSB’s investigation into Alaska Airlines Flight 1282." Alaska Airlines’s stock didn’t take too much of a hit on Monday following the incident and plane grounding. It was trading down about 1.6% by midmorning. Other major airlines were largely in the green as well. Airbus, which is Boeing’s main competitor for commercial aircraft, saw its stock rise more than 3% amid news of the 737 Max incident. Market Summary Boeing Co 229.00 USD -28.28 (-10.99%) past 5 days Closed: Jan 8, 7:59 PM EST • Disclaimer After hours 229.50 +0.50 (0.22%) Related: Boeing: 2024-01-07 Good Morning Boeing: 2024-01-07 Alaska Airlines passenger reveals panicked text messages she sent her parents as plane DROPPED after window blew out mid-flight - as airline grounds all Boeing 737 amid urgent investigations Boeing: 2024-01-06 US Air Force strategic bomber Rockwell B-1B Lancer crashed during landing |
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