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Spdr Series Trust S&P Aerospace & Defense Etf Newsroom
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A tragic year for Boeing: Aviation accidents occurred throughout, becoming the biggest loser in the Dow Jones.
① Boeing's stock price fell more than 32% throughout the year, making it the biggest loser in the Dow Jones index, primarily affected by negative events such as the 737 Max aircraft accidents, production restrictions, safety and quality issues, executive dismissals, and whistleblower incidents; ② The USA Federal Aviation Administration limits the monthly production of the 737 aircraft to 38 units, and a mechanic strike has led to the suspension of most of Boeing's passenger aircraft production, including the best-selling 737 Max model.
Peering Into GE Aero's Recent Short Interest
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Bad news keeps coming! This year has become the year with the highest number of fatalities in air disasters since 2018.
According to data compiled by Cirium, the number of fatalities from air disasters has risen to 318 this year following two recent crashes; this is the highest annual death toll since the Boeing 737 Max first crashed in 2018, when over 500 people lost their lives.
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