Boeing Selloff Is About Social Media, Not Legal Bills - News Summed Up

Boeing Selloff Is About Social Media, Not Legal Bills


Boeing’s 737 MAX evolved to meet surging international demand for air travel and in the process became its top-selling plane. WSJ’s Jason Bellini looks at how the grounding of the fleet following the Ethiopian Airlines crash could have a significant impact on Boeing’s future. Photo: GettyCosts are piling up at Boeing after the grounding of its 737 MAX jets. Yet what seems to be scaring investors isn’t the expense of technical fixes, legal settlements and airline compensation, but skittish fliers on social media hitting plane orders. Boeing’s market value has declined by $40 billion this month, though...


Source: Wall Street Journal March 26, 2019 12:22 UTC



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