boeing stock asiana airlines 777 san francisco
National Transportation Safety Board/AP
By Emily Jane Fox

The tragic Asiana Airlines Boeing 777 crash at San Francisco's airport Saturday is the third hit of trouble for Boeing this year.

So far, the the aircraft maker's shares have emerged unscathed. Boeing (BA) stock is up 38% since the start of the year.

Saturday's crash landing, which killed two people and injured more than 180, comes on the heels of two earlier incidents. Serious problems with overheating lithium batteries led to the grounding of Boeing's full fleet of 787 Dreamliners in January. It took months of study to come up with a fix to that problem, and Boeing and its airline customers only returned those planes to service in April.


There was more trouble for Boeing's 777s when two flights experienced in-flight engine shutdowns in February and in May. General Electric (GE) later warned airlines using its jet engines on their Boeing 777s that they need to make a fix.

Investigators have just begun looking into the cause of Saturday's crash. Boeing directed all inquiries to the U.S. National Transportation Safety Board, which is leading the investigation.

Boeing is the second-best performing stock in the Dow Jones industrial average (^DJI) this year, behind only Hewlett-Packard (HPQ). It was the favorite stock of the top 50 hedge fund managers in the world in the first quarter of 2013, according to FactSet. Hedge funds poured roughly $1.6 billion into the company.

Investors have been able to shake off the bad news so far, since there's been so much good news about Dreamliner demand. The company announced in May that it would speed up production of its 787 Dreamliner to seven a month, and GE's aircraft leasing division agreed last month to buy 10 Dreamliners.

Investors' confidence continued to grow when the company said that the cost of grounding Dreamliners was "minimal." As U.S. markets resume trading Monday, we'll see Boeing's strong stock run can continue.


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Pllc15

All Ariana pilots are S. Korean pilots. Transition from military to commercial flying for them is deadly lacking unlike our military pilots who transitioned to commerical flying. You don't fly Boeing 777's like hot dogs.

July 08 2013 at 3:48 PM Report abuse rate up rate down Reply
dennisdkl123

What a non story. A pilot lands shorts and its the manufactors problem? This was a complete fabrication, must be getting paid by the word.

July 08 2013 at 1:02 PM Report abuse rate up rate down Reply
goatcars

Why would the stock be hurt by an inexperienced pilot missing the runway????

July 08 2013 at 10:05 AM Report abuse rate up rate down Reply
alfredschrader

Boeing builds the best jetliners there are. As with any new technology there can be
problems that need to be ironed out. The result is better products.
Boeing has no control over pilots flying their planes into walls, flocks of Canadian geese, or a myriad of other things.
If you own an airline, the Dreamliner is "the" plane that you want.

July 08 2013 at 8:27 AM Report abuse +2 rate up rate down Reply