Transportation
Boeing Slumps After Panel Blowout Leads to Partial 737 Grounding
- Investigators describe pressure warnings on Alaska Air flights
- Boeing, supplier Spirit AeroSystems slide in US trading
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Boeing Co. slumped the most in more than a year after its 737 Max 9 model was temporarily grounded by authorities following a Jan. 5 accident involving a recently delivered airliner.
The shares fell 8.3% at 9:30 a.m. in New York, the biggest intraday decline since October 2022. Supplier Spirit AeroSystems Holdings Inc., which makes the fuselage for the 737, slid 10%, while Alaska Air Group Inc., the parent of the carrier involved, dropped 2.8%.