Boeing's airline's shares fell earlier this week, losing $ 26.6 billion in market value on Monday and Tuesday after a fatal accident at one of its 737 Max 8 aircraft in Ethiopia.
Any single stock may overfill or fail, and past profits do not predict future results. Boeing has stopped delivering the 737 Max plane after the catastrophe in Ethiopia, which came less than five months after another lethal collapse Indonesia included the same model
This left several major airlines, including United, America and Southwest, to board passengers and to redirect airplanes. These companies said they would waive the fare changes and price differences for those affected by the FAA Order.
The Kayak Flight Site has introduced a new search feature that allows users to exclude specific airplane models, according to the co-founder. and Chief Executive Officer Steve Hafner. CNBC: Boeing's shares as of March 15, 2019.
Fortunately for Boeing, while stocks plunged more than 10 percent earlier this week, they reported a return of about 3% on Friday. The company has announced plans to introduce software fixes over the next few weeks.
However, Bank of America analyst Ronald Epstein said on Thursday that fixing could take much longer: "Once Boeing identifies the problem … the most likely scenario is that the company will take about 3-6 months to figure out and verify fixation, "he said in a note.
Hafner says he expects the 737 to be based only for a few months, and that passengers will probably book soon to transfer them: "They do not work on a temporary basis," he told CNBC Squawk Alley. "In fact, airlines are still planning to fly with these planes in the summer, people want security and comfort when they fly."
Meanwhile, Boeing said in a statement that "will continue to build 737 airplanes max how the situation, including capacity limitations, will affect our production system."
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