|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||100.96 - 104.10|
|52-week range||48.21 - 104.10|
|Beta (5Y monthly)||1.86|
|PE ratio (TTM)||N/A|
|Earnings date||29 Apr 2021|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Apr 2020|
|1y target est||120.82|
Boeing has grounded dozens of 737 Max aircraft to repair a new electrical issue that emerged just months after the jets were cleared to return to the skies. The company identified the potential problem on some Max jets and told 16 customers that they should not be flown until it is addressed. Boeing is working with the Federal Aviation Administration on what it described as a “production issue” that affects a specific group of planes, rather than the entire fleet. “The recommendation is being made to allow for verification that a sufficient ground path exists for a component of the electrical power system,” Boeing said. The issue is not related to the flight-control system that was at the centre of the jet’s grounding for almost two years, it takes the shine off a comeback story that has developed over the first three months of the year. The airlines Southwest, American and United said they had taken more than 60 planes out of service following the notice from Boeing. The issue is understood to affect about 90 planes globally. In addition to the newly revealed production issue afflicting the Max, Boeing has been contending with a separate manufacturing flaw on another model, the 787 Dreamliner. Deliveries of the Dreamliner restarted last month after a five-month drought while the company inspected and repaired tiny wrinkles in the inner lining of the planes’ carbon-fibre barrels. Boeing declined to say how many of the 183 planes that have been brought into service since the grounding was lifted. It was unclear how long it would take to solve the problem, said a Boeing spokeswoman. “It could take a matter of hours or a few days.”
A rebound in air travel in China and the United States helped to drive a surge in March deliveries for Airbus, sending the planemaker's shares higher. Airbus reported slightly higher deliveries for the first quarter and posted 39 gross orders, including a new deal for 20 A220s to an unidentified buyer. The brisk pace of deliveries confirms a Reuters report on Wednesday that the world's largest planemaker was poised to match or even eclipse the 122 deliveries seen in the first quarter of last year after a surge in March.
Airbus reported slightly higher deliveries in the first quarter with 125 aircraft handed over to airlines after a sharp increase in activity in March, company data showed on Thursday. Airbus also posted 39 gross orders, including a new deal for 20 A220s to an unidentified buyer. But the company saw the number of net orders - which are adjusted for cancellations - remain in negative territory for the first quarter, with a total of minus 61 net orders dominated by a Norwegian cancellation unveiled in the previous month.