Tag: airline stocks

Boeing Shares Plummet After 737 Crashes in Southern China

Shares of The Boeing Company fell by as much as 9 percent in pre-trading on Monday, after representatives from China Eastern Airlines confirmed that one Boeing aircraft had crashed in the mountains of southern China. The crash, which occurred on Monday in China’s mountainous Guangxi region, occurred when the aircraft quickly descended from over 29,000…


Aviation Industry Shaken by Omicron, Bookings Affected

Airline bosses have expressed their apprehensions regarding Omicron’s impact on the sector as it slowly limps back to normalcy following pandemic-related travel restrictions that may be reimposed if the variant turns out to be a vaccine-resistant superspreader. “December is a very important month for the air travel business. If that is lost, or the winter…