UAL - Boeing Shares Drop Further After US Aviation Regulator Opens Investigation | Benzinga
Shares in Boeing (NYSE:BA) fell again on Thursday after the U.S. Federal Aviation Administration (FAA) said it was investigating the aerospace company following a midair blow-out of a fuselage panel on one of its jets.
What Happened: Boeing’s share price fell 1.7% on Thursday, extending its losses since Friday, Jan. 5 to nearly 10%.
The downfall stems from the negative press and scrutiny Boeing is receiving due to its fleet of 737 Max 9 jets, and news that some carriers — including Alaska Airlines (NYSE:ALK) — will start canceling flights.
The FAA said on Thursday it was investigating to determine if Boeing had failed to ensure that completed aircraft ...