Boeing shares plunge on NYSE after Air India 787 crash
Boeing shares tumble nearly four per cent on NYSE after Air India’s first-ever 787 Dreamliner fatal crash; all 242 onboard feared dead
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08:31 PM IST
Boeing Co (BA) shares tumbled 3.97 per cent, falling $8.49 to $205.51 as of 10:21 AM Eastern Time (ET) on June 12, 2025, on the New York Stock Exchange (NYSE), following the deadly crash of an Air India Boeing 787-8 Dreamliner shortly after takeoff from Ahmedabad. The London-bound Flight AI171, carrying 242 passengers and crew, crashed near Meghani Nagar, with all onboard feared dead. Final casualty figures are yet to be confirmed.
This marks the first fatal accident involving the Boeing 787 Dreamliner since its launch. The aircraft, known for its advanced technology and strong safety record, was briefly grounded in 2013 due to battery issues but had never experienced a fatal crash until now. The incident raises fresh concerns about the plane’s safety and prompts urgent investigations.
The crash deals a heavy blow to Boeing’s new CEO, Kelly Orthberg, who has been working to rebuild trust amid a string of challenges following the 737 MAX crises and production delays. Boeing has confirmed it is cooperating fully with authorities as the cause of the crash remains unknown.
Key suppliers also faced sell-offs, with Spirit AeroSystems and GE Aerospace shares down around three per cent. GE Aerospace activated its emergency response team and pledged support for the ongoing investigation, though it did not confirm if its engines powered the ill-fated aircraft.
Investor confidence was shaken as Boeing shares fell up to eight per cent in pre-market trading (at approximately 7:00 AM Pacific Time / 10:00 AM Eastern Time) before stabilizing. The drop reflects market concerns about the impact of the crash on Boeing’s reputation, production targets, and future orders.
As authorities continue to investigate the crash, industry watchers and investors will closely monitor Boeing’s response to this unprecedented tragedy involving its flagship 787 Dreamliner.
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