US stock indexes ended trading Monday with a 3.6% decline in Boeing Co shares after the Boeing 737-800 crash in China. This is reported by the portal investing.com.
At the moment, the causes of the tragedy are established. However, if they are associated with a malfunction of the aircraft, then the use of boards of this type may be suspended, and the aviation concern will continue to lose money.
Most of the 737-800 models are used by American airlines. In particular, Southwest Airlines – about 30%, American Airlines – 20%, Delta Air Lines and United Airlines – 10% each.
However, according to experts, the Boeing 737-800 is a rather old aircraft model. Over the years of its operation, the concern has repeatedly encountered problems when using this type of aircraft, which, in particular, led to crashes. Most of the possible shortcomings have already been eliminated, so most likely the cause of the tragedy can be ruled out a malfunction of the board and Boeing shares will soon recover in price.