Boeing (NYSE: BA) stock is sinking in premarket trading, down 7.01% at press time, following a tragic Air India Boeing 787 Dreamliner crash in Ahmedabad, India.
Air India Boeing 787 crashes after takeoff
An Air India Boeing 787-8 Dreamliner crashed shortly after takeoff from Sardar Vallabhbhai Patel International Airport in Ahmedabad on Thursday, June 12, 2025. Flight AI-171, bound for London Gatwick, was carrying 242 people when it crashed in the Meghaninagar residential area near the airport.
We can confirm that flight AI171 that crashed on departure from Ahmedabad Airport today was due to land at London Gatwick at 18:25.
— London Gatwick LGW (@Gatwick_Airport) June 12, 2025
More information to follow. pic.twitter.com/nWcXcAF81a
The aircraft, registration VT-ANB, crashed moments after departure, sending thick black smoke into the sky visible across the city.
Emergency services, including fire, police, and disaster response teams, have been deployed to the crash site.
Boeing stock analysis
Prior to today’s incident, Boeing stock had been on a steady recovery path, up approximately 24.51% year-to-date and trading near the 52‑week high of $218.80.
Recent positive momentum was triggered by strong Q1 2025 results, where losses came in significantly under analyst expectations. Whereby Wall Street analysts were expecting a loss of $1.29 per share and revenue of $19.45 billion, Boeing instead delivered a loss of $0.49 per share and $19.5 billion in revenue.
Additionally, driven by higher deliveries, Boeing’s commercial airplane division saw revenue jump 75% to $8.1 billion. In fact, the company handed over 130 planes to customers, up from 83 in the same period last year.
However, Boeing is still facing ongoing challenges, including quality control issues, regulatory scrutiny, and production delays.
RBC Capital recently raised its price target for Boeing to $230 from $200, maintaining an “Outperform” rating, while analysts maintain an average 12-month price target of $220.95.
Featured image via Shutterstock.
