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Boeing Pulls Down Dow After Weekend Crash

By CDM Staff

March 11, 2019

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Boeing Pulls Down Dow After Weekend Crash — WestJet, C-FNAX, Boeing 737 MAX 8
Image by *Anna Zvereva*

Shares of Boeing were down over 10% in opening hours of trading this morning due to the crash of a Boeing 737 Max 8 jet flown by Ethiopian airlines where 157 people on board were killed over the weekend. This was the second crash of the aircraft type in five months. China and Indonesia grounded the 737 Max 8 until the cause of the accidents are known.

The U.S. Federal Aviation Administration said it is too early to call for the grounding of the popular, and profitable, design.

As of the posting of this article, stocks have recovered as Boeing bounced back hard on the open.

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CDM Staff

The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."