Bank of America: Due to its "monopoly position," Boeing's impact from the "cabin door incident" is limited.
Due to the duopoly nature of the industry (Boeing and Airbus), we believe this will not affect any orders for the 737 MAX aircraft models.
The cabin door detachment incident involving Alaska AirBoeing has caused damage to Boeing's reputation, but some Wall Street analysts are currently downplaying the financial impact of the incident on Boeing.
Analysts from Bank of America stated in a recent research report:
"Currently, due to the duopoly nature of the industry (Boeing and Airbus), we believe this will not affect any orders for the 737 MAX models. However, if similar issues continue to occur... at some point, passengers may lose confidence in the 737 MAX and ultimately affect aircraft sales."
The Bank of America analysts said that the specific cause of the incident is still unclear. Boeing's assembly errors, improper installation by aircraft manufacturer Spirit AeroSystems, or other negligence could all potentially lead to the incident. However, they pointed out that the aircraft is relatively new, with a delivery date of October 31st. They also stated, "Regulatory agencies must also bear some responsibility for review, as the Federal Aviation Administration in the United States conducted safety certification before the delivery of these aircraft."
Analysts from investment bank William Blair also stated that they do not expect Boeing's financial condition to be significantly impacted. They stated in their report on Monday:
"Although the cabin door incident with Alaska Air is concerning, we believe it will not have a significant financial impact on Boeing unless there is another incident after the aircraft resumes service."
William Blair analysts estimate that in the past two months, the delivery volume of the 737 Max 9 is less than one-fifth of Boeing's total delivery volume.
According to data from financial data provider FactSet, among the 23 analysts who have given ratings on Boeing's stock, 18 have a buy rating or equivalent rating.
It is worth mentioning that US regulatory agencies have issued grounding orders to airlines, resulting in the grounding of 171 737 MAX 9 aircraft worldwide. Multiple airlines from the United States, Panama, and Turkey have conducted grounding inspections on this aircraft model.