|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||121.22 - 122.68|
|52 Week Range||77.50 - 123.28|
|Beta (3Y Monthly)||1.43|
|PE Ratio (TTM)||31.10|
|Earnings Date||Apr 30, 2019|
|Forward Dividend & Yield||1.65 (1.40%)|
|1y Target Est||120.82|
The No. 4 U.S. carrier is the biggest user of the Boeing Co aircraft that were grounded worldwide in March following two fatal crashes on other airlines. Southwest's 34 737 MAX aircraft represent less than 5 percent of daily flights on its fleet of 753 aircraft, but the grounding has forced the cancellation of thousands of flights and weighed on costs. Southwest has taken the MAX out of its flying schedule through Aug. 5 as it waits for Boeing to submit a software fix and new training guidelines to global regulators for review.
CHICAGO (Reuters) - Southwest Co Chief Executive Gary Kelly said on Thursday the company was sticking with its plan to keep growing its fleet with the 737 MAX made by Boeing Co and does not plan to order ...
Norwegian Air said the grounding of its Boeing 737 MAX aircraft may last until the end of August and could scupper the carrier's plan to return to profitability this year. Boeing's MAX aircraft have been grounded following the crash of a Lion Air plane in Indonesia last October and an Ethiopian Airlines jet last month, which together killed 346 people. The MAX ban will likely raise Norwegian's 2019 costs by up to 500 million Norwegian crowns (£44.8 million), the company said, adding that its efforts to cut other operating expenses were moving at a faster-than-expected pace.
The British government will support an Airbus contract to manufacture and deliver two satellites for Turkish communications company Turksat, trade minister Liam Fox said on Thursday. "UK Export Finance will support an Airbus Defence and Space UK contract worth nearly $500 million (£388 million) to manufacture and deliver two satellites and a ground station for Turksat," Fox told parliament.
Meggitt is a key supplier to Airbus and Boeing Co, which has said it would cut production of its 737 MAX aircraft as it struggles with the worldwide grounding of the narrowbody jet following two fatal crashes in less than five months. Meggitt, which supplies aerospace components and wheels and brakes for military fighter programmes, on Thursday said it was also mindful about the unsteady demand for defence products. Meggitt said civil aerospace revenue grew 7 percent in the quarter on an organic basis, while defence revenue rose 18 percent, boosted by demand for engine composites, brakes and training systems.
Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday. In total, the announced restructurings and postponements of Boeing and Airbus aircraft delivery will reduce capital expenditure for 2019 and 2020 by $2.1 billion (1.6 billion pounds), the company said. The company said its Dublin-based subsidiary Arctic Aviation Assets DAC had reached an agreement with Boeing to postpone delivery of 14 737 MAX aircraft which were originally due in 2020 and 2021.
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. Reuters reported earlier on Wednesday that Boeing's order adjustment, which initially emerged on a routine web page for orders and deliveries, came after Jet Airways stopped flying.
The newest version of the aircraft, the Max, was poised to become Boeing’s largest source of revenue and profit this year. Given the strain on its production resources, shoveling billions to investors “wouldn’t sit well,” said Nick Cunningham, managing partner with London-based Agency Partners. A Boeing spokesman declined to comment on the cash plans, citing a quiet period ahead of the company’s first-quarter earnings release scheduled for Wednesday.
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.
Canada's Bombardier Inc sees higher sales from modernizing existing rail cars as the company works to further diversify its largest division as measured in revenue, a spokesman said this month. Bombardier projects that a quarter of its transportation division's expected 2020 revenue of $10 billion will come from rail services, up from 18 percent in 2014, according to a company investor presentation.
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.
MUMBAI/NEW DELHI (Reuters) - Jet Airways Ltd shares plunged on Thursday, battered by fears about whether the grounded Indian airline would fly again, even as carriers like rival SpiceJet rushed in to plug a supply gap in the wake of their rival's demise. Once India's largest private airline, Jet halted all flight operations indefinitely on Wednesday evening after lenders led by State Bank of India declined to extend more funds to keep the carrier going. Investors punished Jet shares on Thursday, driving them down 34 percent in their biggest intraday fall.
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 European Union is ready to start talks on a trade agreement with the United States and aims to conclude a deal before year-end, European Trade Commissioner Cecilia Malmstrom said on Monday. The EU approved two areas for negotiation, opposed by France with an abstention from Belgium.