Boeing has lost $40 billion-plus in market value since Ethiopia crash

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Boeing is having a horrible month.

The company is at the center of an international firestorm after two fatal crashes in five of months of its 737 Max planes.The aircraft is supposed to be a workhorse for Boeing, and a critical part of the company's fleet. The global fleet of 737 Max aircraft have been grounded and the company is the subject of a US criminal investigation over the plane's certification and marketing.

Most major airline customers of Boeing contacted by CNN on Friday either said they had no plans to change their orders, or that it was too soon to comment on their plans.Higgins, the Morningstar analyst, said the Garuda cancellation is a drop in the bucket. Boeing is slated to deliver thousands of 737 Max aircraft. But if any of Boeing's bigger customers, like Southwest or Ryanair, made a similar move — it could spell big trouble for Boeing's financial outlook. .

 

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Companies often modernize a plane to cut down the certification process. It's faster and cheaper than building a new one. The problem is with the incestuous nature of the process. The 737 MAX situation should wake up the nervous flying public - or increase on board booze sales.

Such an insignificant country can bring down something too big to fail this much. Another example is Afghanistan and Vietnam that brought down U.S.A. and Soviet Union!

Now it's time for TheAirbusA380 to take over the sky

NdegwaRobertson Do they know how much Ethiopian airlines has lost?

Short like hell then go long

They have earned 400billions as well

😭

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Didn't they just open a facility in China?

Reputable news agencies are leading with gross negligence on the part of Boeing in those deaths but sure let's talk about profit.

superopa52 sure, Boeing's too-big-to-fail; we'll bail it out eventually. But it may be worth a lot less by then

Boeing could lose much less if they recall those planes and save lives. Greedy idiots pay twice.

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I don’t really care if companies like Boeing or any other company are too big too fail. Cutting corners and rushing projects to meet deadlines. Basically making a bad situation even worse. This is not over. Stay tune

This is what happens when fake news controls the narrative, this third world country did not have qualified pilots.

DO YOUR SHIT RIGHT.

Dunno WTF you people are taking but if I EVER see crap like this again again I'll block you from my tv and twitter. Golden light my a$$

All because figuratively speaking they wanted to make a few extra bucks for safety features that should have been part of the standard package. How short sighted? How foolish? How criminal? Lives were lost over this stupidity!

Some people have lost loved ones that not even $40B would bring back.

And the beat goes on

Hope it goes bust, should be charged with manslaughter

As they should. Their product failed.

👇👇👇👇👇👏👏👏

How do the executives of this company sleep tonight as The passengers families dint sleep at all.

Serves them Right. When you fly, You want to be Dam Sure your Safe !!!

Hope they lose the rest! Theif

And the 401k gamble continues.

Huh! safetyMatters

Any interest in talking about Nickelodeon allowing Migos to sing a song about cooking crack on the kids choice award? Ref: Stir-Fry.

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