30.24 +0.03 (0.10%)
After hours: 5:31PM EDT
|Bid||30.10 x 4000|
|Ask||30.30 x 800|
|Day's Range||29.97 - 30.62|
|52 Week Range||28.81 - 53.08|
|Beta (3Y Monthly)||1.69|
|PE Ratio (TTM)||9.97|
|Earnings Date||Apr 24, 2019 - Apr 29, 2019|
|Forward Dividend & Yield||0.40 (1.32%)|
|1y Target Est||45.00|
CNBC's Phil LeBeau gives an update on Boeing's 737 Max aircraft and comments from Ethiopian Airlines CEO Tewolde Gebremariam on the plane's safety.
Customers across the U.S. reported airline computer issues at a number of airports. A flood of tweets began to roll in a little after 11am ET (8am PT) about computer or network issues. A spokesperson for American Airlines confirmed the issue was with the Sabre flight reservation and booking system, used by several major airlines — including WestJet, Alaska Airlines and JetBlue, all of which had passengers reporting issues.
Wednesday will be a pivotal day for aircraft maker Boeing Co and the federal aviation safety regulators as they try to rebuild trust following two deadly crashes of Boeing 737 MAX airliners. Boeing has scheduled a briefing on Wednesday for about 200 pilots and airline representatives in Renton, Washington, home of its 737 assembly complex. Also on Wednesday in Washington, D.C., a Senate panel plans to question the acting head of the Federal Aviation Administration (FAA), the Transportation Department's inspector general and the head of the National Transportation Safety Board about how thoroughly the 737 MAX's automated flight control system was tested, and what will be done to assure that any fixes work.
WASHINGTON/SEATTLE (Reuters) - The U.S. aviation regulator will significantly change its oversight approach to air safety by July following two fatal Boeing Co MAX 737 passenger plane crashes, according to written congressional testimony seen by Reuters. At a U.S. Senate Commerce subcommittee hearing on Wednesday, the Federal Aviation Administration (FAA) acting head Dan Elwell will say the agency's oversight approach must "evolve" after the deadly crashes, according to the testimony. While specific details on oversight changes were not clear, lawmakers are expected to question Elwell on how the regulator intends to change the process by which a manufacturer such as Boeing can to a large extent certify their own planes and flight software systems.
One route out of Chicago's O'Hare Airport that is popular with both business and leisure travelers is among the busiest domestic routes in North America.
Big Blow to Boeing: Airbus Gets $35 Billion Jet Order from China(Continued from Prior Part)737 series driving jet deliveriesBoeing (BA) set a new annual record for aircraft deliveries in 2018. The airplane manufacturer shipped a total of 806 jets
American Airlines was one of multiple U.S. airlines that suffered a technical issue Tuesday that caused some customers to experience issues checking into their flights.
Big Blow to Boeing: Airbus Gets $35 Billion Jet Order from ChinaAirbus wins $35 billion Chinese orderBoeing (BA) lost a multibillion order to its arch-rival, Airbus, which was a big blow to the company amid the ongoing 737 MAX crisis and related
MAX Crisis: Will Boeing's Troubles Continue to Grow?(Continued from Prior Part)Escalating scrutiny Escalating federal and lawmaker scrutiny regarding the 737 MAX aircraft might enhance Boeing’s (BA) troubles. Last week, the ongoing investigation of
MAX Crisis: Will Boeing's Troubles Continue to Grow?Garuda Indonesia to cancel MAX orders Boeing (BA) might face the first order cancellation for its fast-selling 737 MAX 8. Garuda Indonesia plans to cancel its order for 49 jets worth $6 billion.
American Airlines Federal Credit Union is suing Sonic Corp. after the drive-in chain suffered a data breach that put card holders across the country at risk of theft by hackers.
Ethiopian Airlines and other carriers expressed confidence in Boeing, which will discuss 737 Max updates with pilots soon.
Boeing (BA) shares had been on a bit of a decline before the deadly Ethiopian Airlines crash involving the aerospace power's 737 MAX aircraft. Despite the deadly incident and the current investigation into the cause of the Ethiopian crash, Boeing stock remains a strong buy and its shares popped over 1.2% Monday on the back of some seemingly positive news.
shares bumped higher Monday as the world's biggest planemaker moved to convince the global aviation industry that software changes in the flight system of its 737 MAX series would address safety concerns clouding the aircraft following to fatal accidents over three months. Boeing said more than 200 airline pilots, technical leaders and regulators would travel to its Renton, Washington manufacturing base Wednesday for an informational session on software and training updates for its Maneuvering Characteristics Augmentation, or MCAS, system. , the second-largest MAX 8 customer, said Sunday it would cancel around 90 flights per day and extend its truncated schedule until at least April 24 thanks to the ongoing grounding of the controversial aircraft by the Federal Aviation Administration two weeks ago.
American Airlines is cancelling 90 flights a day because its fleet of Boeing 737 Max aircraft is grounded after the plane model crashed twice in five months, killing hundreds.
Zacks.com featured expert Kevin Matras highlights: American Airlines, Atlas Air Worldwide, C&J Energy Services, Builders FirstSource and Dana
American Airlines Group Inc. disclosed Monday that its expects the Federal Aviation Administration's grounding of Boeing Co.'s 737 MAX aircraft to continue to cause "significant disruption" to its customers and financial costs to the airline. The company said, however, that the financial costs of the disruption "cannot be forecasted at this time," as they will depend on a number of factors, including the period of time of the grounding and the circumstances related to the reintroduction of the aircraft. American said in a filing with the SEC that its fleet included 24 Boeing MAX 8 aircraft, with an additional 76 aircraft on order. Prior to the grounding, it had been operating on average about 90 flights a day involving the grounded aircraft, with flight cancellations announced through April 24, so far. American's stock slipped 0.1% in premarket trade. It has shed 4.8% year to date, while Boeing shares have rallied 12.3%, the NYSE Arca Airline Index has gained 4.5% and the Dow Jones Industrial Average has advanced 9.3%.
Stock futures were flat to lower Monday morning. The Apple streaming service event is Monday. Don't expect the Boeing 737 Max to fly soon.
American Airlines is extending cancellations of flights through April 24 due to the grounding of Boeing 737 Max aircraft, as federal regulators continue to investigate two deadly crashes involving the plane model. Southwest Airlines is also continuing to make cancellations
American Airlines is extending cancellations of flights through April 24 due to the grounding of Boeing 737 Max aircraft, as federal regulators continue to investigate two deadly crashes involving the plane model. Southwest Airlines is also continuing to make cancellations. American has 24 Boeing 737 Max aircraft in its fleet, and said Sunday that it will be canceling about 90 flights a day.
An Ethiopian Airlines executive questioned whether Boeing had told pilots enough about "aggressive" software that pushes a plane's nose down, a focus of investigation into a deadly crash in Ethiopia this month. Comments by the CEO and vice president of the airline this weekend will fuel a debate over the safety of Boeing's 737 MAX aircraft, two of which have crashed in similar circumstances in the last five months. Ethiopian Airlines, Africa's most profitable airline, has robustly defended its own safety record, training and procedures after the crash on March 10 that killed 157 people.
American, the largest U.S. carrier, said it is cancelling about 90 flights a day. American is the second-largest U.S. operator of the MAX in the United States with 24 jets, behind Southwest Airlines with 34. Boeing Co is expected as early as Monday to formally disclose a planned upgrade to its anti-stall system to the Federal Aviation Administration (FAA) that has been in the works since October's Lion Air crash but still needs approval from U.S. regulators.