Market Chatter: Jeju Air Shares Plunge to Lowest on Record After Muan Airport Crash-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Market Chatter: Jeju Air Shares Plunge to Lowest on Record After Muan Airport Crash

MT Newswires Live2024-12-30

Shares of Jeju Air (KRX:089590) declined nearly 9% to close Monday's trade at 7,500 won, after plunging as much as 15.7% earlier in the session to hit 6,920 won, in the aftermath of a deadly plane crash at the Muan International Airport on Sunday that killed 179 people.

The 6,920-won-figure marked the lowest since the airline listed its shares in 2015, Reuters reported Monday.

The Jeju Air Boeing 737-800 crash-landed at the Muan International Airport, killing 179 of the 181 people onboard. Only two cabin crew members survived the crash after the plane skidded off the runway and struck a wall, BBC reported Sunday.

Flight 2216, returning from Bangkok, carried six crew members and 175 passengers, mostly holidaymakers. Authorities are investigating potential causes behind the tragedy, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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