Boeing Stock Drops as Deadly South Korean Crash Marks Latest Setback

Group 1 - Boeing shares fell 4% in premarket trading following a crash of a 737-800 operated by Jeju Air, resulting in 179 fatalities [2][6] - Jeju Air's shares closed nearly 9% lower, marking an all-time low in Seoul trading [3] - Boeing's stock has decreased by 30% this year, attributed to ongoing aircraft quality issues and financial strain from a nearly two-month strike [6][5] Group 2 - The crash involved the aircraft hitting a concrete barrier and bursting into flames during landing attempts in Muan County, South Korea [2] - Boeing has faced significant quality control problems, including a notable incident in January where a door plug blew out mid-air on an Alaska Airlines flight, leading to regulatory actions [4] - The company has implemented cost-cutting measures, including layoffs, to address financial challenges exacerbated by safety issues and the strike [5]