The fatal Air India crash in Ahmedabad could set off one of the costliest insurance claims in India’s history at about $475 million, according to a Bloomberg report. The claim for the aircraft hull and engine is estimated at around $125 million,

Even before today's incident, Boeing investors were in for a long journey. The aerospace company expanded its total debt by more than 400% during the pandemic and still faces government production restrictions on the 737 MAX that limits its cash flow and its ability to pay down that balance.

While PFXF boasts a low 40 bps fee and higher income payout than peers, its total return has lagged alternative preferred ETFs. See why the Fund is a Hold.

The crash happened just weeks after the company cut a deal with the U.S. government to avoid taking criminal responsibility for a pair of deadly crashes in 2018 and 2019.