Why Boeing Stock Dropped on Monday

Boeing's 737-800 Issues - Boeing's 737-800 aircraft are under scrutiny following two incidents involving Jeju Air flights in South Korea [1][5] - South Korea has grounded all 737-800s in the country for inspection, causing Boeing stock to drop 3.7% through 10 a.m. ET [2] - The incidents include a crash-landing of Jeju Air Flight 2216 at Muan International Airport, resulting in fatalities, and a second flight, 7C101, returning to Seoul due to a reported landing gear problem [5] Impact on Boeing - The 737-800 represents a small portion of Boeing's backlog, with only 12 out of 6,268 airplanes on order being 737-800s [4] - The incidents may raise concerns among Boeing's customers, potentially affecting future sales of any Boeing aircraft [7] Potential Causes - The issues with the 737-800 may be more related to Jeju Air's maintenance practices rather than the quality of Boeing's product, as both incidents involved Jeju Air [6] - In the case of Flight 2216, the plane aborted its first landing attempt, suffered a bird strike on the second attempt, and experienced a wheels-up landing, leading to a collision with a concrete wall and explosion [3] - Flight 7C101's landing gear problem resolved itself, but the plane returned to Seoul as a precaution [5]