|Bid||29.32 x 4000|
|Ask||29.33 x 2200|
|Day's Range||28.98 - 29.94|
|52 Week Range||28.81 - 45.82|
|Beta (3Y Monthly)||1.81|
|PE Ratio (TTM)||9.37|
|Earnings Date||Jul 24, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||0.40 (1.26%)|
|1y Target Est||42.22|
Shares of the world's biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion (£31.5 billion) in market value. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%. If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.
The FAA could recertify the Boeing 737 Max as soon as late June, if the company submits a software fix in the coming days.
MONTREAL/FORT WORTH, Texas (Reuters) - The Federal Aviation Administration (FAA) expects to approve Boeing Co's 737 MAX jet to return to service as soon as late June, representatives of the U.S. air regulator informed members of the United Nations' aviation agency in a private briefing on Thursday, sources told Reuters. The target, if achieved, means U.S. airlines would likely not have to greatly extend costly cancellations of 737 MAX jets they have already put in place for the peak summer flying season, but the FAA representatives warned that there was no firm timetable to get the planes back in the air. American Airlines Group Inc, Southwest Airlines Co and United Airlines suspended 737 MAX flights into July and August after the FAA grounded Boeing's best-selling jet in March following two crashes in the space of five months that together killed 346 people.
Chile's Supreme Court on Thursday struck down a proposed deal on routes between carriers LATAM Airlines, American Airlines, British Airways and Iberia, upending an agreement meant to reshape international air travel in Latin America. The decision comes more than two years after the carriers announced their plans, termed a joint business agreement.
Once regulators approve Boeing Co (NYSE: BA )'s grounded 737 MAX jets for flight, each aircraft will require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines ...
Chile's Supreme Court on Thursday struck down a joint business agreement between LATAM Airlines, the region's largest carrier, and American Airlines, British Airways and Iberia Airlines, upending an earlier ...
Once regulators approve Boeing Co's grounded 737 MAX jets for flight, each aircraft will likely require between 100 and 150 hours of preparation before flying, officials from the three U.S. airlines that operate the MAX told Reuters. The estimate, provided to Reuters by American Airlines Group Inc, United Airlines and Southwest Airlines Co officials, is the first indication of the time needed to bring the jets out of storage following a worldwide grounding in March spurred by deadly crashes in Indonesia and Ethiopia. The preparations were discussed at a meeting between Boeing and MAX customers in Miami earlier this week, and include a list of items ranging from fluid changes and engine checks to uploading new 737 MAX software.
The Zacks Analyst Blog Highlights: SkyWest, United Continental, Southwest Airlines, American Airlines and Alaska Air
Southwest's (LUV) labor deal with the mechanics is valid for a period of five years and includes a pay hike of 20% as well as bonuses worth $160 million.
The head of the US Federal Aviation Administration raised the possibility that it could take months longer to certify the grounded Boeing 737 Max as safe to fly, as fractious global regulators gathered ...
FORT WORTH, Texas/MONTREAL (Reuters) - The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable to approve Boeing Co's 737 MAX for flight after two fatal crashes since October prompted the plane to be grounded worldwide. The FAA is meeting with more than 30 international air regulators including China, the European Union, Brazil and Canada on Thursday to discuss a software fix and new pilot training that Boeing has been developing to ensure the jets are safe to fly. "It's a constant give and take until it is exactly right," Deputy FAA Administrator Dan Elwell told reporters of the discussions with Boeing.
United Airlines Chief Executive Oscar Munoz promised on Wednesday to accommodate any passengers concerned about flying Boeing Co's 737 MAX jets once regulators deem the aircraft safe to fly again. United is the only one of the three U.S. MAX operators to make such an announcement so far. Southwest Airlines Co, the world's largest MAX operator, said on Wednesday discussions were still ongoing.
American Airlines CEO Doug Parker said the company is committed to Boeing's 737 Max jet once it's recertified by the FAA. If the carrier's pilots don't agree with the fix, "the aircraft won't fly," Parker says in an interview Wednesday with "NBC Nightly News" anchor Lester Holt. American Airlines AAL CEO Doug Parker says he is fully committed to Boeing's BA 737 Max jet once it's recertified by the Federal Aviation Administration and that an "absolute fix" does exist for the jet's anti-stall system, implicated in two deadly crashes.
U.S. equities are on the slide again on Wednesday as the U.S.-China trade standoff continues to devolve into an outright trade war. President Trump is looking at expanding the number of Chinese firms that will lose access to American technology -- widening the crackdown on Huawei.China, in response, has begun to call for a boycott of American products and services, including Apple (NASDAQ:AAPL) iPhones. The fear now is that the tit for tat will increasingly threaten global supply chains and undermine efforts, on the part of Apple and other American companies, to focus on Chinese consumers as a growth market. * 10 Names That Are Screaming Stocks to Buy Outside of big tech stocks directly impacted by this, airline stocks are an industry group feeling the pressure on worries over a drag on both business and leisure travel as pan-Pacific relations worsen. Here are four airline stocks to sell.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alaska Air Group (ALK) Click to EnlargeShares of Alaska Air Group (NYSE:ALK) have been turned away from double-top resistance at its 200-day moving average, setting up a test of its 50-day average and a likely return to the March lows. Such a move would be worth a loss of 10% from here. Despite the acquisition of Virgin America's assets, the stock has been stuck in the same trading range that it first reached back in 2015.The company will next report results on July 25 after the close. Analysts are looking for earnings of $1.84 per share on revenues of $2.2 billion. When the company last reported on April 25, earnings of 17 cents per share beat estimates by 2 cents on a 2.4% rise in revenues. Delta Airlines (DAL) Click to EnlargeDelta Airlines (NYSE:DAL) shares are cutting back below their 50-day moving average, turning away from prior highs near the $60-a-share level, setting up a likely violation of its 200-day moving average and a return to prior lows set back in January. Shares were recently downgraded by analysts at Morgan Stanley. * 10 Small-Cap Stocks That Look Like Bargains The company will next report results on July 10 before the bell. Analysts are looking for earnings of $2.16 per share on revenues of $12.2 billion. When the company last reported on April 10, earnings of 96 cents per share beat estimates by 5 cents on a 5.1% rise in revenues. American Airlines (AAL) Click to EnlargeAmerican Airlines (NASDAQ:AAL) is among the weakest names on this list, threatening to break down out of an eight-month pennant formation that's formed after multiple unsuccessful attempts to push above the 200-day moving average. The stock is already down some 50% from the highs set in early 2018 and looks ready to fall back to the lows set in the summer of 2016 near $24, which would be worth a loss of roughly 20% from here.The company will next report results on July 26 before the bell. Analysts are looking for earnings of $1.72 per share on revenues of $12 billion. When the company last reported on April 26, earnings of 52 cents per share beat estimates by 2 cents on a 1.8% rise in revenues. United Continental (UAL) Click to EnlargeShares of United Continental (NASDAQ:UAL) have fallen back below their 200-day moving average, testing a critical support line that can be traced back to the lows set in the summer of 2016. A breakdown would likely put the $60-a-share level in play, which would be worth a loss of nearly 30% from here. * The 7 Best Stocks to Buy From the IPO ETF The company will next report results on July 16 after the close. Analysts are looking for earnings of $4.09 per share on revenues of $11.4 billion. When the company last reported on April 16, earnings of $1.15 beat estimates by 19 cents on a 6.2% rise in revenues.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Safe Stocks to Buy for Anxious Investors * 4 Tech Stocks Looking Vulnerable * Should You Buy, Sell, Or Hold These 7 Hot IPO Stocks? Compare Brokers The post 4 Airline Stocks Crashing Back to Earth appeared first on InvestorPlace.
The airline industry is gearing up for record high number of passengers this summer, driven by low airfare, decent job addition, uptick in household net worth and a robust U.S. economy.
Southwest Airlines Co's mechanics union said on Tuesday its members had overwhelmingly voted to ratify a tentative contract agreement with the airline, ending seven years of labor negotiations fraught with legal disputes and flight disruptions. The agreement, which brought to a close one of the most disruptive labor disputes to hit a top-four U.S. airline in more than a decade, came a day after rival U.S. carrier American Airlines Group Inc said it was filing a labor-related lawsuit against its mechanics. Mechanics at both American and Southwest have complained that the airlines are moving to outsource maintenance work that has traditionally been done in-house.
After six years of bargaining that included 3:00 a.m. negotiating sessions, lawsuits, countersuits and intervention from the Federal Aviation Administration, Southwest mechanics finally have a new contract. The Aircraft Mechanics Fraternal Association posted results that showed an agreement with Southwest Airlines Co. (NYSE: LUV) was approved with 94.6 percent of mechanics voting to ratify the deal. Over 93.6 percent of the company's aircraft maintenance technicians voted, the AMFA said.
American Airlines accused the unions that represent its mechanics of deliberately affecting operations as contract negotiations between the two sides drag on.
American Airlines is slashing fees on big sports equipment like surfboards -- to its "regular checked bag fee" of $30. Yahoo Finance's Dan Roberts, Ines Ferre & Akiko Fujita discuss with Seana Smith on "The Ticker."