Article

2024-01-09 Economy

Boeing stock falls after company grounds 737 Max 9 planes

[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%)

Posted by Besoeker 2024-01-09 01:53|| || Front Page|| [11140 views ] Top

#1 United Airlines finds loose bolts and parts on at least FIVE Boeing 737 Max 9 aircraft - as new pictures show Alaska Airlines door being recovered after it was blown out at 16,000ft in near deadly disaster

Posted by Skidmark 2024-01-09 05:25|| 2024-01-09 05:25|| Front Page Top

#2
Wait for it.....
Biden bails out airline industry.

Posted by NN2N1 2024-01-09 06:03|| 2024-01-09 06:03|| Front Page Top

#3 As if we needed yet another reason to avoid air travel.

Posted by Besoeker 2024-01-09 06:23|| 2024-01-09 06:23|| Front Page Top

#4 Why are we scared of flying on planes?

When I started, I was a control freak and unwilling to surrender to the apparent whims of the pilot.

Sometime later, commuting daily for years, I found the flights a good time to nap and would knock off before the seat belt demo.

Posted by Skidmark 2024-01-09 06:44|| 2024-01-09 06:44|| Front Page Top

#5 No worries.

Breastfeeding Pete is on the job!

Posted by badanov 2024-01-09 06:46|| 2024-01-09 06:46|| Front Page Top

#6 United Airlines finds loose bolts and parts

Righty tighty, lefty loosie. It may be patriarchal, but it is still a thing.

Posted by SteveS 2024-01-09 08:37|| 2024-01-09 08:37|| Front Page Top

#7 Missing the point. Boeing stock will bounce when they announce the next sale of aircraft. Look at the 5 year trend. The stock is a sine wave. Buy it now, it will bounce back and you will make 10% in two weeks. No govt help none of that

Posted by 49 Pan 2024-01-09 10:18|| 2024-01-09 10:18|| Front Page Top

#8 The MAX 9, like the 737-900ER, features a rear mid-cabin exit door on each side behind the wings that is required when used with dense seating configurations. On less densely configured aircraft, the exits are not required and plugs are installed in their place, as was the case on this aircraft. During the climb, the plug blew out, causing the decompression.[248]

Wikipedia

Posted by Bobby 2024-01-09 10:39|| 2024-01-09 10:39|| Front Page Top

#9 Ref #7: Yep, buy the dip.

Posted by Besoeker 2024-01-09 10:50|| 2024-01-09 10:50|| Front Page Top

#10 Planes crash from time to time. These days, we almost always know in painful detail why a plane has crashed. Identified problems are corrected pretty quickly.

It's still safer statistically to fly than to drive.

Posted by M. Murcek 2024-01-09 11:00|| 2024-01-09 11:00|| Front Page Top

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