|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||136.20 - 137.90|
|52-week range||69.00 - 140.00|
|Beta (5Y monthly)||1.89|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||20 Apr 2020|
|1y target est||N/A|
Indian billionaire Rakesh Jhunjhunwala's plan to launch an ultra-low-cost airline, could give planemaker Boeing a chance to regain lost ground in India after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives say. Jhunjhunwala, known as "India's Warren Buffett" for his successful stock investments, plans to team up with former CEOs of IndiGo, the country's biggest carrier, and Jet Airways to tap into demand for domestic air travel. While Jhunjhunwala's Akasa Air comes at a time when India's aviation industry is reeling from the impact of the pandemic, with airlines losing billions of dollars, the sector's long-term prospect makes it a hot market for planemakers Boeing and Airbus.
Spirit AeroSystems' (SPR) top line in the second quarter is expected to have been positively impacted by improved shipset delivery numbers.
A rift between Airbus and engine makers over plans for higher jet output blotted strong aerospace earnings this week, with worries over the supply chain's industrial capacity masking a deeper tug of war over contrasting business strategies. With travel demand snapping back in key U.S. and Chinese markets, Airbus wants to almost double jet production in a few years as it capitalises on a bulging order book for new jets and the recent woes of embattled U.S. rival Boeing. In May, it issued a mix of firm targets and scenarios that could lift narrowbody output to 75 jets a month by 2025 from 40 now, and 60 before the COVID pandemic.