2024-01-16 21:48:00
Boeing’s stock plunged nearly 8% on Tuesday at the close of the New York Stock Exchange, with increased surveillance following the unhooking of a plane’s door in mid-flight potentially weighing heavily on its financial performance. The stock is at its lowest level in two months.
A Wells Fargo analyst report, released Tuesday, warned that an audit by the Federal Aviation Administration (FAA), the US regulator, “opens a whole new can of worms”, and that multiple consequences are expected. “Given Boeing’s recent track record and the FAA’s greater incentive to detect problems, we believe the chances of a clean audit are low,” Wells Fargo said.
Getty Images via AFP
A door came off on January 5 from the cabin of a Boeing 737 MAX 9 during an Alaska Airlines flight. The FAA has grounded Boeing 737 MAX 9s until further notice, and launched an investigation into the incident, the first major flight safety issue on a Boeing plane since fatal 737 MAX crashes in 2018 and 2019 that led to a long immobilization of the plane.
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