Bartis HK - Boeing's Stock Drop Is Just the Latest Safety and Other Pressure

CENTRAL, Hong Kong - Jan. 11, 2024 - PRLog -- Boeing's (BA) stock has been on a roller coaster ride for the last half-decade, with production delays and safety worries weighing on market confidence.

737 Max crashes.

The 737 Max troubles started with two aircraft disasters, the first by Indonesian Lion Air in October 2018, and the second by Ethiopian Airlines in March 2019, both of which killed 346 people.

The news of the Lion Air tragedy, along with fears about trade tensions between the United States and China (Boeing is a major exporter), brought the company's shares down roughly 6% on October 29, 2018. However, the loss was short-lived, as the stock recovered 4.2% the next trading day.

The stock continued to rise, finishing at an all-time high on March 1, 2019. However, days later, the Ethiopian drop knocked the stock down 5% on March 11, 2019, and another 6% the next day.

The Federal Aviation Administration conducted a 20-month safety investigation during which the aircraft was suspended from passenger usage, eventually approving the 737 Max in November 2020.

At Bartis Investment Limited, we believe that everyone deserves the same access to the global financial markets regardless of their jurisdiction. Our focus is on long term financial stability. We pride that our prudent management philosophies have guided us to endure the many financial turmoil's in the past decade. Visit us at (https://bartis-hk.com).