Boeing Shares Tumble After 2nd Deadly 737 MAX 8 Jet Crash; Airlines, Nations Ground Planes

Boeing Shares Tumble After 2nd Deadly 737 MAX 8 Jet Crash; Airlines, Nations Ground Planes
A photo shows debris of the crashed airplane of Ethiopia Airlines, near Bishoftu, a town some 60 kilometres southeast of Addis Ababa, Ethiopia, on March 11, 2019. Michael Tewelde/AFP/Getty Images
Petr Svab
Petr Svab
reporter
|Updated:

Jet maker Boeing saw its stock plummet by as much as almost 12 percent shortly after financial markets opened on March 11, following the news of a second deadly crash of its 737 MAX 8 airliner in less than five months.

However, as traders saw an opportunity to buy the shares at a discount, the stock recovered about half of the decline by the close of regular trading.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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