THEMOST EFFECT CRASHES IN 2024

The year 2024 witnessed notable losses of lives

and irreparable losses to the economy due to inevitable crashes in the aircraft sector alongside the stock market. Such disasters led to the reevaluation of business strategies and safety standards as well.

Aviation CatastrophesIn the course of the year 2024, the aviation industry experienced a number of events that brought to light the complexities of maintaining the safety of air travel.Jeju Air Flight 1023 Crash On December 29, a Jeju Air Boeing 737-800 crashed while attempting to land at Muan International Airport in South Korea, losing 179 lives.

This single incident robs many people of their lives, sadly making it the deadliest aviation disaster of the year. Initial investigations revealed treacherous weather and a possible pilot mistake.Voepass Flight 247 Incident On August 11, Regional VOEPASS Linhas Aereas crashed outside of Vinhedo, Brazil, killing 62 people as well. Immediately after the takeoff, mechanical malfunctions were reportedly detected.

This raises many eyebrows for possible maintenance standards and regulatory concerns for regional airlines.Azerbaijan Airlines Tragedy AKDAZ701 of Azerbaijan Airlines at 35,000 on December 25 crashed in Aktau, Kazakhstan, retaking 39 lives. The possibility of malfunctions in technical systems is likely and still needs to be confirmed with further investigation.Nepal's Saurya Airlines Crash On July 24, eighteen lives were lost due to the crash of Saurya Airlines CRJ-200 in Nepal. This mountain region is typically challenging with unfavourable flying conditions.

Iranian Helicopter Accident May 19 was a tragic day when a helicopter transporting Iranian president Ebrahim Raisi along with 6 other individuals crashed, supposedly killing them all.As a result of the incident, the importance and reliability of the novice escort measures used when transporting high-ranking officials is being reviewed in greater depth.These incidents have triggered a reevaluation by the global aviation regulators of safety regulations, the training of the pilots, and the maintenance practices of the aircraft so as to avoid any recurrence.

Stock Market VolatilityThe year 2024 was marked by notable disturbances within the financial market as the indicators dropped significantly, harming investors all over the world.Decline at the End of The Year: The period from Christmas to year-end saw the S&P 500 index dip by 2.6%, putting it in the middle of a worrying performance,

the worst of which was seen back in 1952. As part of the investment community, this economic dip during the onset of the greater economic cycle of 2025 proved to be a major cause of concern.December Downturn: Overall, the last five days of December saw a drop of 2.5%; however, in comparison to the S&P 500 monthly decline, the overall gain clocked in at 23.3%. It was a month and year when significant economic shifts took place at the start of the year while the rest of the year did not clock an aggressive growth.Investor Caution: There was a sense of preemptive electricity in the environment as S&P got off to a significant increase at the beginning of the year; investors were actively seeking to adopt options protecting them against future crash strategies.

Overall this move against the growing market proved to be beneficial as there were a wide range of concerns surrounding high stock valuations and geopolitical differences.All said and done, it is notable how the majority of trends that wiped off the economic markers at the end of the year did not necessarily contribute to a downward trajectory in the long run, and confidence was restored. Nevertheless, the likes of infrastructure failure have always been considered to be a looming concern, and looking into the near future, it proved right in the case of 2024.Meizhou Motorway Collapse:

An motorway in Meizhou, Guangdong Province, China, collapsed on the 1st of May, leading to around 48 casualties and 30 injured people. The reason for the collapse was said to be due to heavy rainfall combined with unorganised construction, triggering a second thought about the infrastructure’s durability in the event of catastrophic weather.

Conclusion

2024 was marked with the loss of lives due to a multitude of events and the loss to many industries that proved it was essential to have safety measures and maintenance in place with low-risk financial strategies. The aviation turbulence demonstrated the continuous need for enhanced flight safety and emergency strategies deployment. In the same trajectory, the stock’s market performance reminded individuals of the unknown nature of financial markets, which paved the way for the importance of risk and management strategies. Events mentioned earlier together emphasised the significance of strong construction models and environmental changes bolstering the infrastructure.Opening up to the new year of 2025, the mandate should be to ensure people, companies, and governments remain optimistic while enhancing global security and stability.