Already the second crash with Boeing's best-selling Boeing 737 MAX 8, in a few months, sent the Boeing stock into free fall.
Boeing's share went into free fall
In the first few days of the trading day, Boeing's share fell by more than eleven percent.
"We expect Boeing to be more volatile," said Rajeev Lalwani, an analyst at the investment bank Morgan Stanley. (Financial analysts who use the term volatility use euphemism instead of a fall in share price - T.O.). At the same time, the analyst does not change the share recommendation by suggesting to add the securities to the portfolio. After an accident in Indonesia in October last year, killing 189 people, the share price dropped by 12 percent, but it has now gone back a long way.
The Boeing 737 MAX8 has been on airborne for two years now and has become a better selling model. Since May 2017, 350 aircraft have left the factory and 4660 aircraft were ordered as of January this year.
However, the Ethiopian air disaster is causing questions. Almost 60 percent of the company's revenue last year, which was $ 101.1 billion, came from commercial aircraft production.
Boeing's share price so far this year has risen to 31 percent, being the best share of the Dow Jones industrial center so far.