Shares of aircraft manufacturing company Boeing took a hit early this week, release $ 26.6 billion in market value Monday and Tuesday, following a deadly crash of one of its 737 Max 8 airplanes in Ethiopia.
Any individual stock over or under-perform, however, and returns returns not future results. Boeing paused delivery of 737 Max planes after the Ethiopia crash, which came more than five months after another deadly crash in Indonesia involving the same model.
This left several major airlines, including United, American and Southwest scrambling to rebook passengers and reassign Planes. Those companies said they would waive ticket-change fees and fare differences for those affected by the FAA's grounding order. and chief executive officer Steve Hafner.
CNBC: Boeing stock as of Mar. 15, 2019
Fortunately for Boeing, while shares plunged more than 10 percent early this week, they ticked back up as much as 3 percent Friday. And the company announcement plans to fix a software fix in the next few weeks. is the company will take about 3-6 months to come up with and certify the fix, "he said in a note.
flights on them again soon: "They're out of service on a temporary basis," he said on CNBC's "Squawk Alley." "In reality, airlines are still planning on flying those planes in the summer. People want security and comfort when they fly."
how the situation, including potential capacity constraints, will impact our production system. "
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