Boeing's Troubles Continue to Mount

The Latest Incident

Boeing is back in the headlines for all the wrong reasons again after the Alaska Airlines 737 Max 9 incident. The plane, which was carrying 176 passengers and crew, had to make an emergency landing in Seattle after a door blew off mid-flight.

Quality and Safety Concerns

The incident has raised concerns about the quality and safety of Boeing's planes. This is not the first time that a Boeing 737 Max has had problems. In October 2018, a Lion Air flight crashed in Indonesia, killing all 189 people on board. In March 2019, an Ethiopian Airlines flight crashed in Ethiopia, killing all 157 people on board.

These crashes led to the grounding of the Boeing 737 Max for 20 months. The plane was only recently allowed to fly again in November 2020.

Impact on Boeing's Business

Boeing's troubles are having a significant impact on its business. The company has lost orders for hundreds of planes, and its stock price has plummeted. In January 2020, Boeing's stock was trading at over $340 per share. Today, it is trading at around $190 per share.

Boeing's troubles are also upsetting the balance of power in aviation. For decades, Boeing and Airbus have been the two dominant players in the commercial aircraft market. However, Airbus has been gaining market share in recent years, and Boeing's troubles are only accelerating this trend.

Conclusion

Boeing is facing a perfect storm of challenges. The company is dealing with quality and safety concerns, declining orders, and a falling stock price. It remains to be seen whether Boeing can weather this storm and regain its former glory.