MILANO – A very hard restart is announced for Boeing shares, which are moving in a nosedive in Frankfurt (where the Dax is slightly down) with the airline’s shares recording a drop of 7.48% to 208.5 euros. Even more negative indications come from the pre-market on Wall Street, where shares – which see their main market in the USA – collapse by more than 10%.
The stock reflects the grounding of all 737 Max 9 aircraft in use by global airlines after the accident that occurred at the door of an Alaska Airlines plane that took off from Portland (USA) on January 5th.
Air transport: risk of cancellations after the stop of the Boeing 737 by Economia Editorial Staff 07 January 2024
The measure was motivated by the accident involving an Alaska Airlines aircraft on Friday 5 January. A piece of the fuselage of the plane, headed for California, broke off during takeoff from Portland, Oregon, forcing the pilots to turn back and make an emergency landing. There were no casualties neither among the 171 passengers on the flight nor among the 6 crew members.
However, the event caused inconvenience to hundreds of passengers, who saw their departures postponed or cancelled. According to FAA estimates, it will take a few days to complete all the control operations.
Alaska Airlines is also down, again in the premarket, by 4.7% to $36. Meanwhile the title of Airbusthe other giant in the aeronautical sector, is recording an advance of 1.60% in Frankfurt at 141.09 euros and is heading towards a gain of 1.76% at 142.20 euros in the American premarket.