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Coronavirus Squeezes Boeing Hard, Deliveries Shrink To Four In May
Wednesday, June 10, 2020 - 3:19am | 381Read More...Boeing Co. (NYSE: BA) delivered just four aircraft in May, as the coronavirus pandemic decimated the demand for flying, negatively affecting the company's airline customers, who are battling for survival. What Happened After delivering six planes in April, Boeing delivered just four...
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AEI To Convert 737s For African All-Cargo Carrier
Monday, March 2, 2020 - 1:36pm | 318Read More...Allied Air in Nigeria will nearly double its fleet size with the addition of up to four Boeing 737-800 converted freighters. Aeronautical Engineers Inc. (AEI) of Miami, Florida, announced on March 2 that Allied Air has ordered two passenger-to-freighter conversions with options for two other jobs...
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Analyst Explains Why Boeing's $4.9B Charge Announcement Is Encouraging
Friday, July 19, 2019 - 12:46pm | 612Read More...Boeing Co (NYSE: BA) announced Thursday afternoon it will take a $4.9 billion charge in second-quarter results as part of "considerations to customers for disruptions" related to the grounding of its 737 Max. Despite what appears to be a negative headline, several Street analysts...
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This Week's Forecast 7-15
Monday, July 15, 2019 - 12:15pm | 32Read More...Image Sourced from Pixabay
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Boeing Drifts Lower After WSJ Says 737 Max Planes Could Be Grounded Until Next Year
Monday, July 15, 2019 - 10:15am | 384Read More...Shares of Boeing Co (NYSE: BA) were trading lower Monday amid reports the grounded 737 Max planes won't be cleared to fly until 2020. What Happened Boeing's 737 Max planes throughout the world were grounded in March in reaction to two fatal crashes and could remain in this state...
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Panel Upholds District Court Decision Blocking Pilot Efforts To Slow Atlas Air's Operations
Wednesday, July 10, 2019 - 3:44pm | 762Read More...An appeals court panel ruled that a lower court had jurisdiction to block unionized pilots at cargo and passenger airline Atlas Air Worldwide Holdings (NASDAQ: AAWW) and its Polar Air Cargo unit from engaging in work slowdowns, taking excessive sick days on short notice, and refusing to work...
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What To Know About Boeing's Q1 Earnings Miss, 737 And Buyback Update
Wednesday, April 24, 2019 - 9:22am | 606Read More...Boeing Co (NYSE: BA) gained 1 percent Wednesday morning after the company reported first-quarter results and management provided multiple updates related to its business. Earnings, Guidance Updates Boeing said it earned $3.16 per share in the first quarter on revenue of $22.917 billion, which...
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American Airlines Cancels 737 MAX Flights Through August 19
Monday, April 15, 2019 - 11:00am | 489Read More...According to reporter Shannon Stapleton of Reuters, American Airlines Group (NASDAQ: AAL) announced today (April 14) that it will cancel all of its flights using the Boeing Co (NYSE: BA) 737 MAX 8 aircraft through August 19 as the fleet remains grounded. The airline indicated that the...
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Boeing CFO Talks Buybacks, Future Of Aerospace With Cramer
Sunday, December 23, 2018 - 10:08am | 335Read More...A market need for 43,000 aircrafts exists in the next 20 years, Boeing Co (NYSE: BA) Chief Financial Officer Greg Smith told CNBC's Jim Cramer last week. What Happened Shares of Boeing moved higher Tuesday in reaction to the company's dividend hike announcement and a new $20-billion...
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Boeing Crushes Q1 Estimates: What You Need To Know
Wednesday, April 25, 2018 - 8:37am | 367Read More...Boeing Co (NYSE: BA) reported Wednesday morning its first quarter results, which crushed Wall Street's estimates and sent shares higher by more than 3 percent. What Happened Boeing said it earned $3.64 per share in the first quarter on revenue of $23.4 billion. Wall Street analysts were...
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This ETF Could Take Off In September
Tuesday, August 29, 2017 - 8:32am | 456Read More...The U.S. Global Jets ETF (NYSE: JETS) is up just 3.5 percent year-to-date as the lone exchange-traded fund dedicated to airline stocks has been pounded in recent weeks. JETS is off about 13 percent from its July highs even though oil prices have continued slumping over that period as well. However...
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Delta Kicks Off Airline Earnings This Week
Monday, January 9, 2017 - 4:58pm | 483Read More...Airline stocks have rallied in the second half of 2016, driven by improved fundamentals, a post-election rally and Warren Buffett’s investment in the sector.
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Higher Fuel Costs For Alaska Air Offset By Top-Line Improvement
Friday, October 21, 2016 - 5:06pm | 378Read More...Reviewing the third-quarter results of Alaska Air Group, Inc. (NYSE: ALK), Bank of America Merrill Lynch said it is only making modest changes to its model, as higher fuel costs would be offset by higher 2017 capacity than it previously expected and sequential revenue improvement. Analyst Andrew...
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Delta's August Load Factor Falls 2.9 Percentage Points
Friday, September 2, 2016 - 10:45am | 294Read More...Delta Air Lines, Inc. (NYSE: DAL) disclosed the total system load factor witnessed 2.9 percentage point drop from 87.3 percent to 84.4 percent in August. For the year-to-date period, the load factor fell 0.5 percentage points. The company's passenger unit revenue (PRASM) dipped 9.5 percent in...
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Alcoa Wins Another Major Contract, Investors Shrug Off News
Thursday, January 28, 2016 - 2:37pm | 200Read More...Alcoa Inc (NYSE: AA) announced on Thursday it has won a long-term supply agreement to supply components to Boeing Co (NYSE: BA). Alcoa's stock opened for trading at $7.17 and quickly dipped to an intra-day low of $6.14 before rebounding to the $7.00-level by early afternoon. As part of...
