|Bid||122.20 x 21500|
|Ask||122.28 x 52700|
|Day's Range||121.88 - 123.20|
|52 Week Range||78.93 - 123.20|
|Beta (3Y Monthly)||0.30|
|PE Ratio (TTM)||31.31|
|Forward Dividend & Yield||1.65 (1.40%)|
|1y Target Est||113.00|
CNBC's Sara Eisen sits down with Treasury secretary Steven Mnuchin to discuss the big bank CEOs testimony on Capitol Hill, the latest in U.S.-China trade talks and more.
Boeing Co removed 210 aircraft from its order backlog and took an impairment charge over customer financing losses on Wednesday following the near-collapse of India's Jet Airways. Under recent changes in accounting rules, Boeing hives off orders that no longer meet its criteria for recognising revenue into a separate category, while defending contractual claims. Boeing finance director Greg Smith confirmed the adjustment was related to financial problems at Jet Airways, which halted all flight operations indefinitely on April 17 after its lenders rejected a plea for emergency funds.
A management shake-up at Europe's Airbus accelerated on Tuesday as Nicolas Chamussy was replaced as the head of Space Systems. Airbus said the 51-year-old space engineer would have an unspecified future role, while his job as head of space activities including the company's 50 percent share of the ArianeGroup rocket venture will be taken by Jean-Marc Nasr. The move comes less than four months after Nasr, 57, was named head of Asia-Pacific, responsible for group strategy and industrial issues and regional sales for Airbus Defence & Space.
On April 9, President Trump and the U.S. Trade Representative's Office (USTR) announced plans to implement $11 billion in tariffs on the European Union (EU). The aim is to force the resolution of a 14-year dispute before the World Trade Organization (WTO) concerning subsidies the U.S. claims the EU provided Airbus when it launched the A380 and A350XWB aircraft. The $11 billion figure represents the calculation the U.S. has made for lost sales by U.S. manufacturers such as Boeing due to Airbus subsidies by EU members.
Airbus sales chief Christian Scherer said it is selling longer-range versions of its A321, while signaling a shift away from chasing market share at any cost and predicting Boeing will emerge quickly from the grounding of its rival 737 MAX. Scherer, who took on the top sales role in September, told Reuters that Airbus is seeing more demand for longer-range versions of roughly 200-seat planes previously used for medium-haul routes, blurring boundaries with bigger jets. Scherer's remarks are the strongest indication yet that Airbus has quietly launched the A321XLR, a keenly awaited new version of its single-aisle plane that competes with the 737 MAX and could brush up against a proposed new Boeing mid-market jet.
The European Commission threatened to impose charges on U.S. imports worth $20 billion on Wednesday. It comes after a World Trade Organization (WTO) ruling last month which said the U.S. government had failed to end illegal support of Boeing. Both sides have agreed to open talks designed to reduce trade barriers.
Planes, tractors, food and handbags featured on a list of U.S. imports worth $20 billion that the European Union said on Wednesday it could hit with tariffs in a transatlantic aircraft subsidy dispute. The 28-nation bloc said this week it was ready to open negotiations with the United States to cut industrial duties, but has now detailed plans that could lead to a new tit-for-tat trade conflict between the two global powers. Transatlantic tensions were enflamed again on Wednesday when Washington said it would end a ban against U.S. citizens filing lawsuits against foreign companies operating in Cuba, with EU firms seen among the targets.
Brussels has warned that US products from hazelnuts to tractors could face punitive tariffs in retaliation for state support to Boeing, as Washington and Brussels gear up for the next stage of their long-running transatlantic dispute over aircraft subsidies. The European Commission on Wednesday published a draft list of products that could be targeted for additional duties. that Washington had failed to end an illegal tax break to Boeing.
The U.S. Trade Representative proposed a list of European Union products late on Monday on which to slap tariffs in retaliation to more than $11 billion (£8.4 billion) of EU subsidies to Airbus the World Trade Organization has found cause "adverse effects" to the United States. Piling on the uncertainty, the IMF on Tuesday cut its global economic growth forecasts for 2019, citing a potentially disorderly British exit from the European Union as a key risk. "It's been long accepted that while Europe hasn't been strongly targeted yet, it was going to be the case once China wrapped up, and Europe would be next," said Craig Erlam, senior market analyst at OANDA in London.
European shares slid on Tuesday, with most sectors falling after the United States threatened to slap tariffs on goods from the European Union, with worries compounded by the IMF cutting its global growth forecast. The U.S. Trade Representative proposed a list of European Union products late on Monday on which to slap tariffs in retaliation to more than $11 billion of EU subsidies to Airbus the World Trade Organization has found cause "adverse effects" to the United States.
Alaska Airlines could significantly improve its profitability by getting back to operating a single fleet type, and Boeing may be especially motivated to find new orders for its troubled 737 MAX program this year.
Notwithstanding the big scandal at Boeing, Airbus is the aircraft manufacturer that has racked up dozens of order cancellations this year.
with an order to halt tax breaks to Boeing, a move that follows a similar threat by Washington against European rival aircraft maker Airbus amid intensifying transatlantic trade tensions. The European Commission has drafted a list of US products that could be targeted, as it is entitled to do after the World Trade Organization ruled last month that Washington had kept granting illegal subsidies to the US aircraft manufacturer, according to EU diplomats.
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernisation on Thursday, as Europe's plane giant enters a new phase in its titanic rivalry with Boeing. The 51-year-old former planemaking head unveiled the changes a day after the retirement of Tom Enders, the last of the company's founders to leave the scene of recent power battles. "We are in a period of exceptional change in our industry and we need to prepare Airbus for the opportunities and challenges ahead," Faury said in a statement.
New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernization on Thursday, as Europe's plane giant enters a new phase in its titanic rivalry with Boeing. The 51-year-old former planemaking head unveiled the changes a day after the retirement of Tom Enders, the last of the company's founders to leave the scene of recent power battles. "We are in a period of exceptional change in our industry and we need to prepare Airbus for the opportunities and challenges ahead," Faury said in a statement.
SYDNEY/MELBOURNE (Reuters) - Airbus SE said on Thursday that a test flight of its Zephyr surveillance and communications drone in Australia for the British Ministry of Defence was "interrupted" due to adverse weather conditions last month. The solar-electric-powered drone was believed to have crashed during a test flight following a mishap after the take-off, The Australian newspaper reported on Thursday, citing unnamed sources.
A Norwegian Air subsidiary has agreed with Airbus to postpone plane deliveries scheduled for this year and next, cutting its capital spending by $570 million (£436 million), the loss-making budget carrier said on Wednesday. It is the second time in two months that the airline has postponed aircraft deliveries. The latest postponement covers an order by Norwegian Air's Dublin-based aircraft leasing company Arctic Aviation Assets DAC for A320neos and A321LRs, Norwegian said.
Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury prepared to become its chief executive, signaling that the Franco-German balance at its helm will extend through a sweeping management overhaul. Europe's largest aerospace company said it would propose former Deutsche Telekom chief Rene Obermann as chairman from 2020, completing the shift to what current chairman Denis Ranque called a "new generation of management".