If you invested $1,000 in Boeing 10 years ago, here's how much you'd have now via CNBCMakeIt
Shares of aircraft-manufacturing company Boeing took a hit early this week, losing $26.6 billion in market value Monday and Tuesday, following a deadly crash of one of its 737 Max 8 airplanes in Ethiopia.
Still, if you invested in Boeing 10 years ago, that decision would have paid off: According to CNBC calculations, a $1,000 investment in 2009 would be worth more than $14,000 as of March 15, 2019, a total return over 1,000 percent. In the same time frame, the S&P 500 was up 270 percent. So, your $1,000 would be worth just over $3,700, by comparison.
This left several major airlines, including United, American and Southwest scrambling to rebook passengers and reassign planes. Those companies said they would waive ticket-change fees and fare differences for those affected by the FAA's grounding order. Though, Bank of America analyst Ronald Epstein said Thursday that the fix could take a lot longer:"Once Boeing identifies the issue … the most likely scenario is the company will take about 3-6 months to come up with and certify the fix," he said in a note.
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