Despite all its issues over the last few years, there’s still a robust case for buying Boeing (NYSE: BA) stock. After all, it’s still one of only two truly global players in the commercial airplane market and has a $529 billion backlog in place, while continuing to win orders (125 net orders in the first
DALLAS (AP) — Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for travel remains strong, including among business flyers, but airlines are dealing with higher labor costs,
Boeing (BA) is expected to report first quarter earnings before the bell on Wednesday, following a quarter that could be called rocky, to say the least. During Q1, Boeing suffered the high-profile door plug blowout that led to a grounding of its 737 Max 9 fleet, increased scrutiny of the plane maker’s 737 production and
Stocks struggled to regain momentum Tuesday afternoon following a morning dip, as economists predicted that Wednesday’s Consumer Price Index report would show a 3.4% annual inflation rate, up from 3.2% in February. Investors have been hoping for the Federal Reserve to cut interest rates as joblessness remains low and inflation wanes. But a potential inflation
DALLAS (AP) — The Texas attorney general has opened an investigation into a key Boeing supplier that is already facing scrutiny from federal regulators over quality of parts that it provides to the aircraft maker. The office of Texas Attorney General Ken Paxton said it began looking into Spirit AeroSystems because of “apparent manufacturing defects”
Now Boeing investors, whether they like it or not, have to prepare themselves for Monday’s trading session with as much detail—and context—as possible. On Friday, a United Airlines flight was found to be missing an external panel when it landed in Oregon. The plane involved was a 25-year-old 737 NG, or Next Generation, model. Boeing’s
PORTLAND, Ore. (AP) — A post-flight inspection revealed a missing panel on a Boeing 737-800 that had just arrived at its destination in southern Oregon on Friday after flying from San Francisco, officials said, the latest in a series of recent incidents involving aircraft manufactured by the company. United Flight 433 left San Francisco at
The split is due to take effect April 2. A starting point in solving the valuation problem is to look at how similar companies trade in the marketplace. Today, General Electric trades for about 14.5 times estimated 2024 earnings before interest, taxes, depreciation, and amortization, or Ebitda. That is very similar to nonfinancial and manufacturing
Key Takeaways: Boeing has been plagued by a series of high-profile crises involving the 737 Max. Existing 737 Max 9s can still fly, but the FAA is restricting Boeing’s production. Investors shouldn’t expect Boeing’s problems to influence travel trends much. BA shares have taken a hit, but 737 Max issues won’t necessarily hurt airline stocks.
The European aviation regulators have followed orders by the Federal Aviation Administration for the temporary grounding of many Boeing 737 MAX 9 aircraft, after a MAX 9 operated by Alaska Air lost a section of its fuselage in midair on Friday. The damaged plane was able to return to the Portland, Ore., airport, where the