Boeing shares drop on 737 Max 9 concerns; Airbus hits record on orders
All sessions on the IG platform, the stock of Boeing is adding to the 8% drop on Monday, the biggest one day drop since October 2022.
(Partial Video Script)
Boeing share price drops drastically as aircraft problems discovered
This drop in stocks all comes after a section of the fuselage fell from an Alaska Airlines Boeing 737 Max 9 on Friday. Reports are also coming in from United Airlines of bolts in need of "additional tightening" during inspections of Boeing 737 Max 9s. United Airlines said "installation issues" relating to door plugs would be "remedied" before the aircraft type would return to service. Other reports have come in too from Alaska Airlines which says it too, has since found "some loose hardware" on some Max 9s. The Federal Aviation Administration (FAA), which regulates air travel in the US, has grounded 171 planes of the same type.
Airbus stock hits record high
Meanwhile, Airbus stock hits a record high with Reuters reporting the company is nearing an order from Delta Air Lines for dozens of wide-body jets including extra A350-1000 aircraft. It says that, depending on last-minute negotiations, a deal could be made public as early as Friday when Delta reports its fourth-quarter earnings.
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. See full non-independent research disclaimer and quarterly summary.
Act on share opportunities today
Go long or short on thousands of international stocks with spread bets and CFDs.
- Get full exposure for a comparatively small deposit
- Trade on spreads from just 0.1%
- Get greater order book visibility with direct market access
See opportunity on a stock?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See opportunity on a stock?
Don’t miss your chance – upgrade to a live account to take advantage.
- Trade a huge range of popular stocks
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See opportunity on a stock?
Don’t miss your chance. Log in to take advantage while conditions prevail.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
