Alerts Sign-up
Boeing's shares experienced a significant drop in 2024, with a report by Reuters highlighting a 32% decline, positioning the company as potentially the biggest loser on the Dow Jones Index for that year. The company's shares began at $257.50 but faced severe setbacks following incidents such as the Alaska Airlines Boeing 737 MAX 9 midair blowout.
The European competitor Airbus saw an 11% rise in share value during the same period, while the S&P 500 index gained over 23%, according to Reuters.
The downturn for Boeing was marked by multiple challenges, including FAA regulations, supply-chain disruptions, and a workers' strike. The Federal Aviation Administration restricted production of the MAX aircraft to 38 units per month. However, Boeing struggled to meet this target due to global supply chain issues.
