Boeing shares fall on FAA audit report
Boeing shares are down over 4%. The Federal Aviation Administration’s audit of Boeing’s 737 MAX production process, after a panel blew off on an Alaska Airlines jet in January, failed 33 of 89 tests, reported the New York Times.
As IGTV’s Angeline Ong says, that’s not the only thing that’s casting a shadow over Boeing.
(AI Video Summary)
More woes for Boeing
Boeing, a major aerospace company, is facing some tough times. A recent audit by the Federal Aviation Administration (FAA) highlighted several problems in the production of their 737 MAX planes. This is adding to the company's already existing challenges.
In a recent incident, New Zealand has decided to seize control of the "black boxes" from a LATAM Boeing 787 after a scary event on a flight from Sydney to Auckland, where passengers and crew were injured due to an abrupt drop while in mid-air. This is not the first time such an incident has occurred. In 2008, a Qantas Airbus 330 also experienced a sudden drop.
Boeing share price trading lower
As a result, Boeing is now dealing with ongoing investigations and uncertainties. The company's shares are currently being traded at lower prices on the IG platform. If we look at a graph of the stock's performance over the last 15 minutes, we can see a noticeable downward trend, indicating the possibility of further losses.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Seize a share opportunity today
Go long or short on thousands of international stocks.
- Increase your market exposure with leverage
- Get spreads from just 0.1% on major global shares
- Trade CFDs straight into order books with direct market access
Live prices on most popular markets
- Forex
- Shares
- Indices
