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Boeing Stock Drops 19% due to Alaska Accident


Fri 19 Jan 2024 | 07:23 AM
Taarek Refaat

The market value of the U.S. giant "Boeing" declined by about $29 billion since the Alaska Airlines accident, reaching $121 billion at the end of trading on January 16, representing a decline of about 19%, according to Bloomberg.

A large panel on the left side of the 737 Max 9's fuselage exploded while the plane was in flight on January 5, causing an accident that resulted in a large hole in the plane's fuselage. 

No one was seriously injured, and the plane returned safely, but pressure was increasing on Boeing and its senior management to explain this defect.