Don’t Be Scared by Boeing’s MAX-9 Jet

  • Flying remains one of the least dangerous ways to travel
  • Statistics show flying by commercial jet is extremely low-risk
  • Large-scale commercial air carriers have a very low accident rate
  • Motor vehicle traffic crashes cause more fatalities than aviation accidents
  • Investors in aircraft manufacturers like Boeing have little to worry about

Two recent air-travel incidents have raised concerns about aviation safety, but statistics show that flying by commercial jet is still one of the least dangerous ways to travel. While accidents do occur, the number of aviation accidents has been steadily declining over the past two decades. Private, noncommercial aircraft account for the majority of accidents, while large-scale commercial air carriers have a very low accident rate. In comparison, motor vehicle traffic crashes cause significantly more fatalities each year. Investors in aircraft manufacturers like Boeing have little to worry about, as failures of aircraft systems and components are rare. Globally, the number of aviation accidents is also relatively low. Overall, flying is among the safest activities a person can engage in, although it is not completely risk-free.

Public Companies: Boeing (BA)
Private Companies: undefined, undefined
Key People: Jason Gursky (Citi analyst), Willie Walsh (IATA’s director general)

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Factuality Level: 8
Justification: The article provides statistics and data from reputable sources, such as the National Transportation Safety Board and the International Air Transport Association, to support the claim that flying is a low-risk activity. It also acknowledges recent incidents and provides context for them. However, the article could have provided more information on the specific causes of the accidents mentioned and could have included more perspectives on aviation safety.

Noise Level: 7
Justification: The article provides statistics and data to support the claim that flying is a low-risk activity. It discusses recent incidents and their causes, compares aviation accidents to motor vehicle accidents, and provides global accident statistics. However, the article does not provide any actionable insights or solutions.

Financial Relevance: No
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article does not pertain to financial topics and does not describe any extreme events. It provides information about recent air-travel incidents and discusses aviation safety statistics.

Reported publicly: www.marketwatch.com