Ahmedabad Plane Crash & Its Impact on the Stock Market

Tragedy in Ahmedabad

A Boeing 787 Dreamliner (AI 171) bound for London crashed shortly after takeoff from Ahmedabad on June 12, hitting a medical college hostel.

Human Toll

The crash claimed 241 lives onboard, with 28 people on the ground also killed. Only one passenger survived.

Airlines Reeling

Shares of Indian airlines dropped sharply: – IndiGo & SpiceJet down ~ 3–4% – Air India under review Reason: Investor fear over safety and fleet scrutiny

Travel & Hospitality Hit

Airline-linked sectors felt the impact: – Ixigo & Thomas Cook India fell ~4% – Mahindra Holidays down ~2.5%

Boeing Under Pressure

Global market reaction: – Boeing shares plunged ~8% premarket, closed near –5% – Sparked safety concerns over 787 Dreamliner

Broader Market Sentiment

Markets responded to: – Aircraft liability & insurance costs – Air India’s compensation burden – Flight safety scrutiny in India & globally

The crash showed how news events can ripple through markets: • Airline stocks sensitive to safety alerts • Travel/hospitality reacts to crisis sentiment • Global OEMs like Boeing face swift investor backlash

📉 Transparency and crisis management matter—on the runway and on the trading desk.