Boeing’s stock market falls 5% after the accident in India: Is it the beginning of a new crisis for the American company?
The tragic plane crash of a Boeing 787 Dreamliner remains under investigation, and comes as the company seeks to regain the public’s trust.
The downing of a Boeing jet shortly after takeoff in Ahmedabad, India, is the most recent example of a major aviation crash involving the American plane manufacturer. Although the cause of the crash has yet to be determined, investors on Wall Street quickly began selling off Boeing stock. The stock fell by 5 percent in the hours following the collision but remains 12 percent higher than it was a year ago.
Of the 242 people onboard, 12 of whom were crew, authorities report that there is one lone survivor in the tragic accident. The plane, which was bound for London-Gatwick, crashed shortly after takeoff, striking a university medical hospital.
This marks the first crash involving Boeing’s 787 Dreamliner—not to be confused with the 737 9 Max, which has been linked to several deadly crashes over the past few years. Aviation experts are awaiting the results of the investigation to determine the cause of the incident. For a manufacturer already struggling to regain public and industry trust, the crash is a significant setback. The US government, through the National Transportation Safety Board, announced that a team has been sent to India to support the investigation, which, due to the location of the crash, will be led by the Indian government.
The NTSB will be leading a team of US investigators travelling to India to assist the Aircraft Accident Investigation Bureau with its investigation into the crash of an Air India Boeing 787 in Ahmedabad, India, Thursday.
— NTSB Newsroom (@NTSB_Newsroom) June 12, 2025
Boeing leaders look to support the investigation
Reuters reported that, as part of efforts to rebuild confidence and present a new vision for the company, newly appointed CEO Kelly Ortberg and Executive Vice President Stephanie Pope had planned to attend the Paris Air Show. In light of the tragic accident, both leaders have canceled their plans to focus on supporting the investigation.
“As our industry prepares to start the Paris Air Show, Stephanie (Pope) and I have both canceled plans to attend so we can be with our team and focus on our customer and the investigation,” said the CEO in a message to staff viewed by Reuters.
The pressure is on the company’s leadership to provide transparency throughout the process, which very well could conclude that it was not the fault of the manufacturer. Yahoo! Finance reporter Alexis Keenan, noted that the Dreamliner crash comes as Boeing seeks to negotiate a settlement with the US government over the other fatal crashes, and that the most recent accident could complicate that process.
Get your game on! Whether you’re into NFL touchdowns, NBA buzzer-beaters, world-class soccer goals, or MLB home runs, our app has it all. Dive into live coverage, expert insights, breaking news, exclusive videos, and more – plus, stay updated on the latest in current affairs and entertainment. Download now for all-access coverage, right at your fingertips – anytime, anywhere.
Complete your personal details to comment