The shares of the Boeing aircraft manufacturing company were a success early this week, losing $ 26.6 billion in market value on Monday and Tuesday, following a deadly crash in one of his 737 Max 8 aircraft in Ethiopia.
Any individual stock may overperform or underperform, however, and past returns don't predict future results. Boeing suspended the delivery of 737 Max aircraft after the collapse of Ethiopia, which came less than five months after another fatal accident in Indonesia involving the same model.
This has left many major airlines, including United, American and Southwest, scrambling to rebook passengers and reassign planes. Those companies said they would forgo ticket modification fees and rate differences for people affected by the FAA grounding order.
Kayak has also introduced a new search feature that allows users to exclude specific aircraft models, according to co-founder and CEO Steve Hafner.
CNBC: Boeing shares from 15 March 2019
Fortunately for Boeing, while the shares collapsed more than 10% at the beginning of this week, they have checked in up to 3% on Friday. And the company has announced its intention to implement a software solution in the coming weeks.
However, the Bank of America analyst Ronald Epstein said on Thursday that the solution could take much longer: "Once Boeing identifies the problem … the most likely scenario will be about 3-6 months to come to certify the correction, "he said in a statement.
Hafner says he expects the 737 models to be rooted for only a few months and that travelers will probably book flights on them again soon: "I'm off duty on a temporary basis," he told CNBC's "Squawk Alley" . "In reality, airlines are still planning to fly those aircraft in the summer. People want safety and comfort when they fly."
Meanwhile, Boeing said in a statement that "it will continue to build 737 Max airplanes, while it is evaluating how the situation, including potential capacity limits, will have an impact on our production system."
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Here's a snapshot of what the markets look like now.
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