Boeing is hit by $3BILLION Wall Street sell-off as aviation giant's value ... trends now
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Boeing shares have plunged by a whopping $3billion after news of a whistleblower's alleged suicide over the weekend.
Share prices for the aviation giant dropped by more than 3 percent on Tuesday morning, following weeks of scandals involving the company.
Shares for Southwest Airlines also dipped, by 13 percent, after the company said it would limit its capacity plans and reevaluate financial forecasts for this year. Southwest said on Tuesday that Boeing informed them they would deliver 46 Boeing 737 Max 8 planes this year, down from the original planned 58.
The airline industry has cut expectations for deliveries this year due to Boeing's problems, complicating their efforts to meet record travel demand.
Moreover on Monday it emerged that an audit by the Federal Aviation Administration found Boeing failed 33 of the 89 product audits conducted.
Boeing's price plunge also comes after former employee and whistleblower John Barnett, 62, was found dead in South Carolina, where he had been discussing a retaliation suit with Boeing attorneys.
Share prices for the aviation giant dropped by more than 3 percent on Tuesday morning
The suit alleged under-pressure workers were deliberately
