331.04 -0.71 (-0.21%)
After hours: 7:10PM EDT
|Bid||331.30 x 800|
|Ask||331.68 x 3100|
|Day's range||328.88 - 333.50|
|52-week range||292.47 - 446.01|
|Beta (3Y monthly)||1.30|
|PE ratio (TTM)||38.04|
|Earnings date||22 Oct 2019 - 28 Oct 2019|
|Forward dividend & yield||8.22 (2.46%)|
|1y target est||410.32|
Boeing Co said on Tuesday it plans to add extra staff and hire "a few hundred" temporary employees at an airport in Washington state where it is storing many grounded 737 MAX jetliners, a key step in its best-case plan for resuming deliveries to airline customers in October. The world's largest planemaker, burning cash as one of the worst crises in its history stretches into a sixth month, said the workers will assist with aircraft maintenance and customer delivery preparations at Grant County International Airport. The hiring plans are the first publicly detailed steps Boeing will take as it works to deliver hundreds of grounded 737 MAX jets to airlines globally, an undertaking that would amount to one of the biggest logistical operations in modern civil aviation.
A federal official is making Boeing defend itself against charges that it illegally fired workers for supporting a union at its South Carolina assembly plant. The regional director of the National Labor Relations Board ruled that there is enough merit to send the cases to trial in front of an administrative law judge. The International Association of Machinists and Aerospace Workers claims six workers were wrongly fired — five in retaliation for supporting the union — and others were disciplined at the plant in North Charleston, where employees build the Boeing 787.
Southwest Airlines (LUV) stock gained 3.3% Friday after Wolfe Research analyst Hunter Keay upgraded his rating to “outperform” from “peer perform.”
Southwest has budget-friendly fares. The company offered a blockbuster introductory fare when it announced the Hawaii expansion plans.
Sunwing said in a statement that its winter schedule, which goes into effect on Nov. 5 and runs until mid-May, is being planned without the MAX to give passengers "much-needed reassurance" while planning their winter vacations. The MAX was grounded worldwide in March after an Ethiopian Airlines plane plunged to the ground soon after take-off, five months after a similar Lion Air fatal crash off the coast of Indonesia. While Boeing has targeted October, the U.S. Federal Aviation Administration has not set a timeline for the ungrounding, and it is not yet clear when the 737 MAX will fly again.
American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet's was grounded in mid-March following two fatal crashes. The Federal Aviation Administration reported Thursday that American denied seats to 69,924 passengers voluntarily in the first six months of 2019, up from 28,409 in the same period last year, while involuntarily denying boarding to 5,022 passengers, up from 678 in the same period last year. Southwest denied seats to 22,364 people voluntarily through June, compared with 10,364 in the first half of 2018, while it involuntarily denied boarding to 2,525, up from 1,045 in the first six months of 2018.
Pivotal, Canopy Growth, iHeartMedia, PG&E and Boeing are the companies to watch on Thursday, August 15, 2019.
Flights were suspended at Shannon Airport in western Ireland for several hours on Thursday after fire broke out on the undercarriage of an aircraft on the runway, an airport spokesman said. The Boeing aircraft is owned by Omni Air International, a US charter carrier that specialises in military and government transport flights. The airport resumed flights a few hours later, with delays expected to continue for the rest of Thursday.
The Brazilian aerospace company posted another quarterly loss, but it is seeing strong demand for its new Praetor-series executive jets, and it recently bagged its first export order for the KC-390 multimission military jet.
On Wednesday, US stock indexes fell due to recession signals. The Dow Jones Industrial Average (DIA) was the worst performer with a 3.05% fall.
SAN FRANCISCO/SINGAPORE (Reuters) - Boeing Co has pushed back the entry into service of an ultra-long-range version of its forthcoming 777X widebody, the U.S. planemaker said on Wednesday, as it grapples with fallout from the 737 MAX crisis and engine issues with the 777X. The fresh delay comes as the grounding of Boeing's money-spinning 737 MAX single-aisle entered a sixth month in August, and as the world's largest planemaker faces engine-related delays on the 777X widebody that have pushed the first flight of the 777-9 into 2020. The delay in the slower-selling, longer-range 777-8 will hamper Boeing's ability to provide a plane in line with the schedule for Qantas Airways Ltd's plan for 21-hour non-stop Sydney-London flights.
Investing.com - Stocks plunged Wednesday after a key economic signal warned that the slowing global economy may produce a recession and both Germany and China showed more signs of slowing growth.
Problems with 737 MAX planes have continued to impact Boeing’s commercial aircraft deliveries. Its commercial aircraft shipments plunged in July.
Investing.com – Stocks plunged Wednesday after a key economic signal flashed a recession warning and both Germany and China showed more signs of slowing growth.
Alaska Airlines hasn't yet received its first Boeing 737 MAX, but management seems eager to make Boeing's troubled jet a major part of the carrier's fleet in the years ahead.
Indonesia's Lion Air "urgently requires" more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model's return to service, the airline's co-founder, Rusdi Kirana, told Reuters on Wednesday. All 189 passengers and crew on board one of Lion Air's new 737 MAX jets died when the plane crashed into the Java Sea last October, the first of two deadly crashes that led to the craft being grounded worldwide.
Airbus is stretching its lead over Boeing in aircraft deliveries as Boeing continues to be held back by the grounding of its 737 Max. Chicago-based Boeing said Tuesday it delivered 19 planes in July, down from 39 in July 2018. European rival Airbus reported 69 deliveries last month, including 52 A320neo and A321neo jets that compete with the Max.