From Quiver Quantitative:

Concerns have risen in the aviation industry after a fuselage panel detached from a Boeing 737 Max 9 aircraft during an Alaska Airlines flight. This led to notable declines in the bonds of Boeing and its supplier, Spirit AeroSystems. Boeing’s 5.15% notes due in 2030 saw spreads widen, while Spirit’s 4.6% bond dropped nearly 5 cents. Though the incident may not fundamentally alter the medium-term outlook, it creates short-term pressure on the companies’ bonds.

Investors are advised to closely monitor the investigation’s progress, regulatory decisions, and potential production restarts before making informed decisions about Boeing and Spirit AeroSystems bonds.



Read more: Boeing and Spirit AeroSystems Bonds Hit by Alaska Airlines Incident