2008 record      


A slim majority of Americans following the Boeing (BA) 737 Max news would avoid traveling on the plane according to an IBD/TIPP poll.

The survey, which was conducted March 28 to April 6, found that 69% of Americans are following the Boeing crisis closely while 31% are not.

Of those who are following the news closely, 51% said they would avoid flying on a 737 Max once it has re-entered service, with 28% saying they were "very likely" to avoid it and 23% saying they were "somewhat likely."

Boeing 737 Max jets were grounded worldwide after an Ethiopian Airlines plane crashed on March 10, following a Lion Air crash in October. The Federal Aviation Administration and other global aviation agencies found similarities between the two crashes that have killed 346 people.

Boeing is working on updates to flight-control software and pilot training. It's also temporarily slowing production of the 737 Max as deliveries remain on hold and customers cancel or reconsider orders. On Tuesday, the company announced that 737 deliveries tumbled in Q1 and that March saw no orders for the 737.

Boeing shares were down 0.2% in premarket trading on the stock market today. Airbus' (EADSY) U.S.-listed shares weren't active early. The iShares U.S. Aerospace & Defense ETF (ITA) and the SPDR S&P Aerospace & Defense ETF (XAR) closed down 1.25% and 1.56% respectively on Tuesday.

Investors React To Boeing 737 Max Crash

The IBD/TIPP poll also found that 42% of respondents who have been following the 737 Max news have a less favorable view of Boeing, while 8% have a more favorable view and 56% said their opinion of the company hasn't changed.

Among investors tracking the news, 44% have a lower opinion of the company, 1% have a more favorable view, and 54% said their view hasn't changed.

On Tuesday, shareholders filed a class-action lawsuit against Boeing for alleged securities fraud violations and safety deficiencies in its 737 Max. Boeing is also being sued by the victims' families.

Meanwhile, the Justice Department has reportedly issued multiple subpoenas in its criminal investigation into the development of the Boeing 737 Max, and the Transportation Department has opened its own audit into Boeing.

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