Boeing Stock Plummets as Software Glitch Threatens Safety

Boeing's stock plummeted 4.8% on Monday after The Wall Street Journal reported that the company has identified a software glitch in its 737 MAX airliners.

The glitch affects the airplane's autopilot function, which may fail to perform as intended when a pilot misses a first approach on landing and inputs a new flight path.

Boeing denied that the glitch poses any safety risk but is already working on a patch. The Federal Aviation Administration (FAA) is also investigating the issue.

The problem has significant implications for Boeing's customers, with at least two major airlines, Southwest Airlines and United Airlines, refusing to accept delivery of new 737 MAX planes with the buggy software installed.