facebookBoeing Crashes in Ethiopia. Bad news for Airline industries? - Seedly

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Anonymous

07 Jun 2019

Stocks

Boeing Crashes in Ethiopia. Bad news for Airline industries?

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Gabriel Tham

07 Jun 2019

Tag Team Member at Kenichi Tag Team

Most likely Boeing stock will be badly affected

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It is hard to view Airline crashes as short term noise- as such incidences are few and far between and create sizable number of fatalities to generate international headlines.

It can be argued going forward- the emergence of additional safety checks will add further costs to Boeing Aircraft production, spiralling costs down to Airlines. Furthermore, Airlines themselves will probably enforce stricter rounds of checks before flight takeoffs. The news might also frighten in SR people in that particular carrier and maybe other budget tier carriers, affecting sales of tickets in coming quarters. All these are things that will be priced in.

Definitely bad news for Boeing for the time being, until the flight records are salvaged and determi...

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