|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||3.0700 - 3.1700|
|52-week range||2.8900 - 5.9900|
|Beta (5Y monthly)||2.43|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||08 Oct 2020|
|1y target est||6.39|
One day after Boeing (NYSE: BA) stock bounced higher on news of a big 737 plane sale to the parent company of British Airways and Iberia (the International Consolidated Airlines Group), shares of the airplane-building juggernaut are falling 7.2% as of 1:10 p.m. ET. The reason: Boeing may be encountering turbulence at higher altitudes. Earlier on Thursday, the big news around Boeing was the company's announcement that International Airlines Group has agreed to buy 25 Boeing 737-8-200 aircraft and 25 737 MAX 10 jetliners -- and taken out an option to buy as many as 100 more planes besides.
British Airways owner IAG announced plans on Thursday to order 50 Boeing 737 MAX jets, reviving part of a stalled bid to replace Europe's Airbus for some of its short-haul flights while handing support to struggling Boeing. The order includes 25 of the 737 MAX 10 variant which Boeing is battling to get certified ahead of an end-year deadline. "The addition of new Boeing 737s is an important part of IAG's short-haul fleet renewal," IAG Chief Executive Luis Gallego said in a statement.
British Airways’ pilots have rebelled over a controversial scheme that siphons off thousands of pounds of their salaries to pay for colleagues left out of work by the Covid crisis.