Due to the airplane incident, Boeing could lose billions
Due to the incident involving the Boeing 737-9 on January 5, 2024, the company may incur substantial financial losses. The company's shares plummeted by almost 9% due to the Federal Aviation Administration's ban on the 737 MAX 9 from flying.
According to Reuters, Boeing's shares dropped by 8.7% in pre-market trading following an emergency landing of an Alaska Airlines 737 Max 9 in Anchorage, Alaska, due to cabin depressurization. Fortunately, no injuries were reported, but the incident raised concerns about the safety of the 737 Max.
The FAA's prohibition on 737 Max 9 flights affects all aircraft of this model in the United States, Europe, and other countries. This could result in significant losses for Boeing, as the company has already postponed deliveries of 737 Max aircraft due to safety issues. The potential loss for the company could exceed $12 billion.