Today, Boeing shares fell 4% in premarket trading after one of its 737-800 planes, operated by South Korea’s Jeju Air crashed, resulting in the deaths of 179 people.
“We are in contact with Jeju Air regarding flight 2216 and stand ready to support them,” a Boeing spokesperson stated, “We extend our deepest condolences to the families who lost loved ones, and our thoughts remain with the passengers and crew.”
Since its introduction to commercial aviation in the 2000s, the Boeing 737-800 has been involved in at least 25 incidences, some of which have involved runway skidding, similar to the recent crash in South Korea.
Boeing’s safety has been under the spotlight for years, and with the latest crash, the company is expected to undergo further scrutiny.
In 2024, Boeing’s shares have decreased by 30% as investors have withdrawn from the company due to a six-week union dispute, which cost the company billions of dollars, along with ongoing supply chain issues.
By CEO NA Editorial Staff
