BA - The Boeing Company
| Previous close | 369.06 |
| Open | 369.00 |
| Bid | 344.60 x 1000 |
| Ask | 345.10 x 1400 |
| Day's range | 344.00 - 369.35 |
| 52-week range | 292.47 - 446.01 |
| Volume | 13,344,760 |
| Avg. volume | 4,277,256 |
| Market cap | 193.572B |
| Beta (3Y monthly) | 1.27 |
| PE ratio (TTM) | 39.44 |
| EPS (TTM) | 8.72 |
| Earnings date | 23 Oct 2019 |
| Forward dividend & yield | 8.22 (2.21%) |
| Ex-dividend date | 2019-08-08 |
| 1y target est | 411.86 |
- Sky News
Messages from former Boeing test pilot reveal 737 Max concerns
A former senior test pilot for Boeing told a colleague he "unknowingly" misled safety regulators about problems with a flight-control system. Pilot Mark Forkner told another Boeing employee in 2016 that the flight system, called MCAS, was "egregious" and "running rampant" while he tested it in a flight simulator. "So I basically lied to the regulators (unknowingly)," wrote Mr Forkner, then Boeing's chief technical pilot for the 737, the Wall Street Journal reported.
- Bloomberg
World’s Longest Flights Aren’t Meant for Cattle Class
(Bloomberg Opinion) -- The question about Qantas Airways Ltd.’s plans to start 20-hour direct flights from Sydney to London and New York isn’t why any passenger would want to take the route — it’s why any carrier would want to offer them.For all the hardship of spending a day cooped up with the body odors of a couple of hundred other humans, long-haul flying isn’t a particularly attractive business for airlines, either.Qantas’s international unit made just 10.7 Australian cents of revenue per seat, per kilometer flown in its last fiscal year through June, of which 10.3 Australian cents was eaten up on operating costs. If you fly the roughly 17,000 kilometers (10,500 miles) between London and Sydney and buy a decent bottle of liquor at duty free, the A$70 ($48) you’ll spend will quite possibly be more money than the operating profit Qantas made on your ticket for the entire flight. Qantas’s Jetstar budget carrier makes about twice the profit per kilometer that the international business brings in, and its mainline domestic unit is five times more profitable.So what gives? Establishing ultra-long-haul routes is no easy task. Qantas is modifying in-flight menus and lighting patterns and using its staff as guinea pigs in a test flight this weekend to examine how passengers will cope with such a long journey.Costs don’t explain it. Indeed, they’re likely to be somewhat worse on direct ultra-long-haul flights than on more conventional routes. On a fully-laden twin-aisle passenger jet, fuel will often weigh more than all the passengers and cargo. Breaking the journey and refueling en route at a hub airport is a good way of keeping costs down, because it means that you don’t have to carry fuel for the second “leg” of the flight.Revenue, however, is a different matter. Qantas’s domestic business is so profitable because it has a single struggling rival, Virgin Australia Holdings Ltd. Despite flying more passengers in the 12 months through June than it did six years earlier, Australia’s domestic aviation network operated fewer flights. That’s possible because the muted competition between Qantas and Virgin gives them the discipline to keep a lid on capacity growth, allowing more people to be squeezed onto each plane and keeping prices high.International routes aren’t normally like that. At least a dozen different airlines typically compete to ferry passengers between Australia and Europe, and those with hub airports mid-route can easily serve multiple destinations in a way that would be crippling to an end-of-line carrier like Qantas. The partnership between Qantas and Emirates, which started in 2013, was intended to get around this problem by funneling the Australian carrier’s passengers onto the huge network operated by its Gulf partner. While that’s helped return the international unit to profit, margins are vanishingly thin.Ultra-long-haul flights are best understood as a way for the likes of Qantas to reverse the disadvantage that this tyranny of distance engenders. It will never have the network and operations to compete with the geographic advantages of hub carriers in moving passengers between Australia, Europe and North America. However, if it can tempt the more profitable premium passengers away from hub airports with a more direct route, it at least has some ammunition on its side next time it enters negotiations with Emirates about how to share revenues from their flights. You can see this even just looking at its aircraft seat maps. About 18% of the seats on Qantas’s Boeing Co. 787-9 that it uses to fly from Perth to London and on routes between Australia and the U.S. are in business class, with another 12% in premium economy. That’s a larger share of high-margin seats than on the planes that had previously been the workhorses of its international network.It’s probably right to be skeptical that spending 20 hours in economy class can be as glamorous as Qantas’s elaborate pre-testing makes it sound. The only way airlines can make decent money flying to the far side of the world is by letting business class subsidize the rest of the cabin. If you’re flying coach, these flights aren’t really aimed at you.To contact the author of this story: David Fickling at dfickling@bloomberg.netTo contact the editor responsible for this story: Matthew Brooker at mbrooker1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.David Fickling is a Bloomberg Opinion columnist covering commodities, as well as industrial and consumer companies. He has been a reporter for Bloomberg News, Dow Jones, the Wall Street Journal, the Financial Times and the Guardian.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Market Realist
Boeing Stock Grounded amid 737 MAX Bombshell
Boeing is set to release earnings on Wednesday, and CEO Dennis Muilenburg is preparing to testify before Congress. Not a good time for a massive scandal.
- Investing.com
Stocks - S&P Knocked Down by Boeing, JNJ, China
Investing.com – Stocks finished the week on a down note on slumps in Boeing and Johnson & Johnson, plus new worries about Chinese economic growth.
- Market Realist
Boeing and JNJ Drag Dow Lower, End Week in Red
The Dow Jones Industrial Average Index lost close to 260 points or 0.95% today. Boeing stock (BA) fell 6.73%, the biggest loss in the Dow today.
- Reuters - UK Focus
US STOCKS-Boeing, J&J, dismal China data drag Wall Street lower
- Yahoo Finance
Stock market news: October 18, 2019
U.S. stocks fell Friday as investors considered mixed company earnings and new reports of sluggish growth in the Chinese economy.
- Reuters
Senior U.S. lawmaker says Boeing must shake-up management after 737 MAX crashes
The chairman of the U.S. House Transportation and Infrastructure Committee on Friday said Boeing Co must shake-up its management team and Congress must reform how new airplanes are certified following the disclosure of internal messages about the 737 MAX involved in two deadly crashes. Representative Peter DeFazio, a Democrat, sharply criticized the largest U.S. aeroplane manufacturer after instant messages between a former senior pilot and another employee suggested the company may have unintentionally misled regulators and experienced significant issues with a key safety system known as MCAS tied to the two fatal crashes that led to the grounding of Boeing's best-selling plane. The Federal Aviation Administration (FAA) said Boeing failed to turn over the internal messages for months, and demanded an explanation.
- Reuters - UK Focus
US STOCKS-Wall Street weighed by Boeing, J&J, bleak China data
- Market Realist
What to Expect for Boeing’s Q3 Earnings amid MAX Crisis
Boeing (BA) is set to report its Q3 earnings results on October 23. Reuters-polled analysts foresee more dismal financial results for the company.
- Market Realist
More Delays Cast a Shadow over Boeing MAX’s Return
Southwest Airlines announced that it had removed all Boeing MAX aircraft from its flight schedules until February 8—its seventh extension in seven months.
- Reuters
Boeing pilots' messages on 737 MAX safety raise new questions
A Boeing Co senior pilot said he might have unintentionally misled regulators, in a series of internal messages from 2016 that became public Friday, plunging the world's largest airplane maker into a fresh crisis. The messages, first reported by Reuters, sent Boeing shares tumbling, prompted a demand by U.S. regulators for an immediate explanation, and a new call in Congress for Boeing to shake up its management as it continues to grapple with the fallout from two fatal crashes that have grounded its fastest-selling plane. In a transcript of instant messages between two employees, the 737 MAX's then-chief technical pilot, Mark Forkner, said the so-called MCAS anti-stall system in the airplane was "running rampant" in a flight simulator session.
- Reuters
Exclusive: Boeing 2016 internal messages suggest employees may have misled FAA on 737 MAX - sources
Boeing Co turned over instant messages from 2016 between two employees that suggest the airplane maker may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX, sources briefed on the matter said. The FAA said it found the messages "concerning" and "is reviewing this information to determine what action is appropriate." It prompted a letter from FAA Administrator Steve Dickson to Boeing Chief Executive Dennis Muilenburg demanding an "immediate" explanation for the delay in turning over the documents. Sources told Reuters the Boeing internal messages raised questions about the performance of the so-called MCAS anti-stall system that has been tied to the two fatal crashes in five months.
- Zacks
Will Aerospace Unit Drive General Dynamics' (GD) Q3 Earnings?
General Dynamics' (GD) Aerospace segment revenues in the third quarter of 2019 are likely to have benefited from increased G500 aircraft deliveries.
- Zacks
Will Lower 737 Max Deliveries Dent Boeing (BA) Q3 Earnings?
Production cuts and lower delivery volumes of Boeing's (BA) 737 might have weighed on its commercial business performance in the third quarter of 2019.
- Zacks
The Zacks Analyst Blog Highlights: Johnson & Johnson, Boeing, Pfizer, Qualcomm and Mitsubishi UFJ Financial
The Zacks Analyst Blog Highlights: Johnson & Johnson, Boeing, Pfizer, Qualcomm and Mitsubishi UFJ Financial
- Reuters
EU looking to compensate sectors for U.S. tariffs: Italian PM
The European Union is working on measures to compensate sectors hit by tariffs imposed by the United States over illegal EU subsidies to the aircraft industry, Italian Prime Minister Giuseppe Conte said on Friday. The United States began slapping tariffs on EU imports worth an annual $7.5 billion on Friday, such as British whisky, French wine, Spanish olives and cheese from across the bloc, including Italian Parmigiano-Reggiano.
- Investing.com
Boeing Falls 5%
Investing.com - Boeing (NYSE:BA) fell by 5.02% to trade at $350.59 by 14:14 (18:14 GMT) on Friday on the NYSE exchange.
- Investing.com
NewsBreak: Report Says Boeing Employees Misled FAA About 737 Max
Investing.com – Boeing (NYSE:BA) shares were off more than 4% after a Reuters report said company employees may have misled the Federal Aviation Administration about a key safety system on the grounded 737 MAX.
- Zacks
5 Dow Stocks Poised to Beat on Earnings This Month
Despite severe market volatility, the Dow is still in positive territory with a gain of 15.9% year to date. This is an excellent performance after a disappointing 2018.
- Reuters
EU will hit U.S. in time with tariffs over Boeing: Malmstrom
The European Union will impose its own tariffs "in due course" in its WTO dispute over aircraft subsidies after the United States hit EU imports with increased duties related to illegal subsidies for Airbus, EU trade chief Cecilia Malmstrom said on Friday. "We regret the choice of the U.S. to move ahead with tariffs. This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules," Malmstrom said.
- Reuters
EU will hit U.S. in time with tariffs over Boeing - Malmstrom
The European Union will impose its own tariffs "in due course" in its WTO dispute over aircraft subsidies after the United States hit EU imports with increased duties related to illegal subsidies for Airbus, EU trade chief Cecilia Malmstrom said on Friday. "We regret the choice of the U.S. to move ahead with tariffs. This step leaves us no alternative but to follow through in due course with our own tariffs in the Boeing case, where the U.S. has been found in breach of WTO rules," Malmstrom said.
- Investing.com
Stocks - U.S. Futures Flat as China Growth Slows; Coca Cola Earnings as Expected
Investing.com - U.S. futures were tepid on Friday after China posted its weakest growth in nearly three decades, increasing concerns about the impact of its trade dispute with the U.S.
