Asiana Airlines shares dip by almost 6% following plane crash in San Francisco

Shares of South Korean carrier, Asiana Airlines, took a dip of nearly 6 percent in Seoul, after one of its planes crash landed in San Francisco on Saturday.

BBC reports that US investigators said that the Boeing 777 was significantly below its target speed near the runway and the pilot tried to abort the landing.

According to the report, the plane with 307 people aboard came down short of runway, killing two people and injuring dozens.

Chris De Lavigne, an aerospace analyst, said that any airline that goes through a crash landing does take a hit to its reputation in the short term.

Lavigne added that the airline may also have to face additional costs in the form of fines from the authorities and possible damages claims from some passengers.

Deborah Hersman, the chief of the US National Transportation Safety Board (NTSB) said that there was a call to increase the plane speed about two seconds before the impact. Hersman said the pilot then requested to abort landing.

Officials of the Asiana airline said that it is currently not aware of any engine or mechanical problems.

Yoon Young-doo, the head of the airline, said that he was not ruling out human error but added the pilots were experienced veterans.