|Bid||0.00 x 1000|
|Ask||0.00 x 1200|
|Day's range||338.00 - 344.50|
|52-week range||302.72 - 446.01|
|Beta (5Y monthly)||1.31|
|PE ratio (TTM)||N/A|
|Earnings date||21 Apr 2020 - 26 Apr 2020|
|Forward dividend & yield||8.22 (2.41%)|
|Ex-dividend date||12 Feb 2020|
|1y target est||344.00|
SEATTLE/WASHINGTON (Reuters) - Boeing Co told the U.S. Federal Aviation Administration it does not believe it needs to separate or move wiring bundles on its grounded 737 MAX jetliner that regulators have warned could short circuit with catastrophic consequences, people familiar with the matter said on Friday. The U.S. planemaker and FAA first said in early January they were reviewing a wiring issue that could potentially cause a short circuit on the 737 MAX, and under certain circumstances lead to a crash if pilots did not react in time. A Boeing spokesman referred all questions on wiring to the FAA, saying the agency would make the final decision and that the company is answering questions from the FAA.
United Airlines announced Friday it was pushing back to September 4 the resumption of flights using the Boeing 737 MAX aircraft, grounded worldwide following two deadly crashes. The US air carrier had said in December that it was eliminating flights using the aircraft from its schedule until June, and last month the company's commercial director said United had decided not to fly the aircraft this summer. "We'll continue to monitor the regulatory process and nimbly make the necessary adjustments to our operation and our schedule to benefit our customers who are traveling with us," United said in a statement.
SpaceX has moved its Crew Dragon commercial astronaut spacecraft to Florida, the site from which it'll launch in likely just two to three months if all goes to plan. The Crew Dragon capsule is now going to undergo final testing and checkouts in Florida before its departure from Cape Canaveral Air Force Station, where it'll launch atop a Falcon 9 rocket, with NASA astronauts Bob Behnken and Doug Hurley onboard.
United Airlines and American Airlines said Friday they are removing the grounded Boeing 737 Max from their schedules longer than previously planned, which means thousands more flights will be canceled during the peak summer travel season. United said it took the plane out of its schedule until at least Sept. 4. It had 14 Max jets when they were grounded, but expected to be flying more of them by now.
CHICAGO/WASHINGTON (Reuters) - American Airlines Group Inc and United Airlines Holdings Inc are pushing back the return of Boeing 737 MAX flights until August and September, respectively, a fresh delay that comes after sources told Reuters that the timing of a key certification flight may not occur until at least April. American is cancelling 737 MAX flights until Aug. 18 and United until Sept. 4, the two said in separate statements on Friday. The other U.S. 737 MAX operator, Southwest Airlines Co , has extended its flight cancellations until Aug. 10.
Some of the world's biggest aircraft buyers are urging the European Union to clear Boeing's tie-up with Embraer, fearing Embraer's commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets. Airbus, Europe's biggest planemaker, on Thursday increased its controlling stake in the A220 regional jet programme - Embraer's main rival - as Canada's Bombardier sold out of the project it had set up.
U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co cut production of civilian aircraft, the Federal Reserve said on Friday. The Fed said manufacturing production fell 0.1% in January, matching forecasts, but December's manufacturing output was revised lower to a 0.1% gain from a previously reported 0.2% gain. Overall industrial output for December was revised downward to a 0.4% reduction from a previously reported 0.3% drop.
The shutdown of Boeing production lines for the grounded 737 MAX continued to undercut US industrial output in January, which declined for the second consecutive month, the Federal Reserve reported Friday. A boost in auto manufacturing partly offset the drop in aircraft output, but unusually mild weather meant utilities fell for the second straight month as well, according to the monthly data report. Total industrial production fell 0.3 percent compared to December, following a 0.4 percent drop in the final month of the year, when Boeing announced it would have to shut down assembly of the MAX aircraft which was grounded in March 2019 following two deadly crashes.
U.S. manufacturing output fell slightly in January, driven lower by Boeing's decision to halt production of its troubled 737 MAX aircraft. The Federal Reserve said Friday that factory output declined 0.1% last month after eking out a 0.1% gain in December. Excluding the production of airplanes and parts, factory production rose 0.3%.
Investing.com – Wall Street was in the red in afternoon trading Friday, with the Dow the worst hit following more negative news on Boeing’s 737 Max jet problems.
Indonesia's Lion Air will decide by the end of the month when to proceed with its planned initial public offering (IPO) in the face of reduced investor appetite for the sector because of the coronavirus outbreak, said sources close to the matter. Banks involved in the expected $500 million IPO of one of Asia's largest budget airlines have completed investor presentations in Singapore, Hong Kong, Jakarta, Europe and the United States, the sources said. Sources had previously said that Lion Air could launch the IPO as early as March.
The giants of aviation left the Singapore Airshow with little to brag about, but someone ended up with one of the hottest deals in town: a couple of boxes of hand sanitisers.
It will also establish fixed salary adjustment funds for each year from 2020 through 2026. Boeing's current contract is set to expire in 2022. The contract with Society of Professional Engineering Employees in Aerospace (SPEEA) will cover about 18,000 engineering and technical employees, the company said.
Leaning on its SARS experience, Hong Kong's Cathay Pacific Airways Ltd has slashed flights, asked staff to take unpaid leave and is re-assessing its fleet as it battles an epidemic and a crisis of morale after pro-democracy protests. Cathay used a similar playbook during previous shocks, including the Severe Acute Respiratory Syndrome (SARS) epidemic and the global financial crisis, both of which it rebounded from relatively quickly. This time, though, Cathay was already dealing with an internal crisis before the virus hit.
“I see 2025 as the start of being in a position to launch a new programme, which means entry into service will be at the beginning of the next decade,” Mr Faury said in an interview with the Financial Times. Ten months into his job as chief executive, Mr Faury is right to want to look forward. for bribery and corruption, and €1.2bn in new charges on the ill-starred A400M military transport aircraft.
Industrial production, a gauge of output from factories, mines and utilities, fell 0.3 per cent in January from the previous month, the Federal Reserve said on Friday. Manufacturing output was depressed by the halt in Boeing’s 737 Max production as the company continues to face a regulatory review that has kept the jets grounded following two fatal crashes. Excluding the production of aircraft and parts, factory output advanced 0.3 per cent.
Competition is cranking up in the world of turboprops. For years turboprops were an ignored corner of the aircraft industry, accounting for about 120 aircraft a year compared with the more than 1,000 jets made by giants Airbus and Boeing. While intercontinental jet travel is vulnerable to trade wars and disruptions such as epidemics, regional development in archipelago nations like Indonesia is favouring the turboprop.
Southwest Airlines said Thursday it has removed the grounded Boeing 737 Max from its schedule for another two months during the peak summer travel season and will drop about 9% of its planned flights as a result. It was the latest move by airlines to acknowledge that the plane won't be ready to fly as soon as they — or Boeing — had expected. Southwest had previously removed the Max from its schedule through June 6.
BRASÍLIA (Reuters) - Brazilian prosecutors have filed an appeal with antitrust agency Cade asking the regulator to reconsider its approval of a deal selling control of Embraer SA's commercial aviation division to Boeing Co , according to public filings. The deal had been approved without restrictions on Jan. 27 by Cade's General Superintendent Alexandre Cordeiro Macedo. Cade's top administrative council can still call for a review of the case, putting the matter to a vote.
Years ago, when Randy Tinseth was still running Boeing's sales account for United Airlines, the plane company's designers pulled him aside. "They called me in and said we want to show United this interesting product and we can't tell you about it until we get there," Tinseth recalled. Out came the model of a futuristic, high-speed airliner called Sonic Cruiser.
Some Chinese airlines are asking to defer payments on aircraft rentals as they grapple with a fall in demand due to the coronavirus, the head of Asia's fifth-biggest aircraft leasing firm said in an interview with Reuters. "A lot of clients are trying to seek help from all the industrial players, not only from lessors but also from banks, from regulators, airports and OEMs (airplane manufacturers)," said Mike Poon, founder and chief executive of China Aircraft Leasing Ltd. The Chinese province at the epicentre of the outbreak reported a record rise in deaths and thousands more cases on Thursday, suggesting a much bigger crisis facing China and the world.