Frequent Air Crashes: Avoid Boeing or Buy the Dip?
On the morning of December 29, Jeju Air flight 7C2216 from Bangkok, Thailand, skidded off the runway and crashed into a wall upon landing. The accident resulted in 179 fatalities, with only 2 survivors. The aircraft was a Boeing 737-800.
In the wake of the major accident, Boeing's stock dropped by about 4% in after-hours trading. The stock has fallen 30% YTD.
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Would you avoid Boeing's stock or buy the dip?
Is the aviation sector the most challenging industry to invest in?
Do you pay attention to the aircraft model when choosing airlines?