Boeing faces a significant decline in 2024, with its stock plummeting 32% amidst a series of crises. A mid-air cabin panel blowout, production caps imposed by the FAA due to safety concerns, supply chain issues, and a seven-week strike have all contributed to the company's struggles. Boeing's shares are expected to continue facing challenges in 2025.
) is on track to be the biggest loser of 2024 in the Dow Jones Index, tumbling 32% as it bounced from one crisis to another.
Boeing’s shares opened the year at $257.50. However, a mid-air cabin panel blowout on Jan. 5 aboard a recently-delivered 737 MAX operated by Alaska Airlines ALK.N triggered investigations and a temporary grounding of the popular single-aisle airplane. The FAA has not lifted the cap. Regardless, Boeing has struggled to produce close to its maximum-allowed 737 planes per month due to supply-chain problems, quality issues and a seven-week-long strike that temporarily shut down most of its commercial aircraft production, including the 737 program.
The promise to cut labor costs and the restart of 737 production in early December helped Boeing shares to partially recover to around $177 on Tuesday.
AIRPLANE INDUSTRY BOEING STOCK MARKET FAA SUPPLIER CHAIN
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