Boeing has lost $40 billion-plus in market value since Ethiopia crash

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Boeing has lost $40 billion-plus in market value since Ethiopia crash
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Boeing is having a horrible month.

The company is at the center of an international firestorm after two fatal crashes in five of months of its 737 Max planes.The aircraft is supposed to be a workhorse for Boeing, and a critical part of the company's fleet. The global fleet of 737 Max aircraft have been grounded and the company is the subject of a US criminal investigation over the plane's certification and marketing.

Most major airline customers of Boeing contacted by CNN on Friday either said they had no plans to change their orders, or that it was too soon to comment on their plans.Higgins, the Morningstar analyst, said the Garuda cancellation is a drop in the bucket. Boeing is slated to deliver thousands of 737 Max aircraft. But if any of Boeing's bigger customers, like Southwest or Ryanair, made a similar move — it could spell big trouble for Boeing's financial outlook. .

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