When tragedy strikes, analysts and experts often scramble to determine the financial impact – who could lose and who may profit. This hardly suggests tragic losses can simply be priced. Rather, I would propose they are compartmentalizing the financial consequences separately from the personal tragedy.
On October 29, 2018, Lion Air flight JT610 departed Jakarta, Indonesia headed for Pangkal Pinang and lost contact 13 minutes later. On March 10, 2019, Ethiopian Airlines flight 302 departed Addis Ababa for Nairobi, Kenya and crashed six minutes after take-off. Both flights employed Boeing's (BA) 737 MAX 8 aircraft.