|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||136.60 - 136.60|
|52 Week Range||91.00 - 149.39|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||31.18|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Avianca Holdings S.A. (NYSE: AVH) provided an update on its financial condition during its second quarter 2019 earnings report. The Colombian airline is in the middle of a major restructuring dubbed "Avianca 2021." The debt-laden airline's transformation strategy is centered on gaining density in its most profitable routes and lowering its debt burden.
Problems with 737 MAX planes have continued to impact Boeing’s commercial aircraft deliveries. Its commercial aircraft shipments plunged in July.
The Boeing 737 Max marked another month with no orders, as overall deliveries continue to lag behind those of rival Airbus.
Deliveries totaled 258 aircraft in the seven months through July, compared to 417 last year, and trailing far behind the 458 aircraft handed over in the same period by European rival Airbus SE. The numbers put Boeing on course to lose the crown of world's biggest planemaker, which it has held uninterrupted for seven years. The 737 MAX has been grounded worldwide following two fatal accidents that killed more than 300 people and both Boeing and airlines continue to extend the timelines for when it will return to service.
Boeing Co delivered 38% fewer planes in the first seven months of 2019 than the same period a year earlier, as the grounding and doubts around the future of its best-selling 737 MAX jets hurt operations. Deliveries totaled 258 aircraft in the seven months through July, compared to 417 last year, and trailing far behind the 458 aircraft handed over in the same period by European rival Airbus SE. The numbers put Boeing on course to lose the crown of world's biggest planemaker, which it has held uninterrupted for seven years.
Airbus' inability to build and deliver jets on time -- especially the A321neo -- has prevented it from fully capitalizing on the Boeing 737 MAX grounding.
PARIS/MUNICH (Reuters) - Airbus is poised to open a new assembly line for the A321neo in Toulouse, France, easing a grip on production of the hot-selling jetliner enjoyed by workers in Germany and accelerating an industrial rethink caused by the demise of the much larger A380. A formal decision on how to meet record demand for the medium-haul A321 has not been taken and operations in China and the United States are also being considered as part of an A321 study that Airbus says it will complete this year.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Rolls-Royce Holdings Plc’s cash outflow ballooned in the first half as a bottleneck in plane deliveries at Airbus SE and Boeing Co. reduced engine revenue and stockpiling for a no-deal Brexit led to a build up of parts.Europe’s biggest jet-engine maker posted negative underlying free cash flow of 429 million pounds ($522 million) for the six months, almost six times the level of a year earlier. The shares fell as much as 2.3%.Rolls currently has about 50 turbines awaiting delivery, compared with the usual 15 or so. Chief Executive Officer Warren East predicted “significant improvements” in the second half and said the company should reach its full-year cash goal as the inventory build up unwinds.Rolls earnings show the ripple effects on suppliers as planemakers grapple with their highest-ever order backlogs amid a surge in air travel. Production setbacks spanning poor-quality seats to engine glitches have held back output, forcing Airbus and Boeing to keep plants operating over the Christmas holidays last year in order to meet delivery targets.787 ChargeThe U.K. company was hit with its own manufacturing issues when faults were found in engines powering the Boeing 787 model. East announced a further charge for repairs to the jet, and another for Airbus’s early termination of the A380 superjumbo, as well as higher restructuring costs. He cited a near one-third jump in operating profit on higher margins on A350 turbines and gains at defense and power-systems arms as indicating a healthy underlying business.The power unit, which makes marine, land and industrial engines and power-generation products, accounted for about half of the inventory build up. The company has spent close to 100 million pounds to smooth its supply chain in the event of a no-deal Brexit, including additional shipping capacity and extra warehouse space in the U.K. and mainland Europe, as well as stockpiling parts.Across the group, the value of inventory held should decrease by 500 million pounds through the second half, aided by reduced 787 groundings, Rolls-Royce forecasts. The company is targeting full-year free cash flow of 700 million pounds, plus or minus 100 million pounds.Shares of Rolls, which doesn’t make engines for Boeing’s grounded 737 Max, were trading 0.8% lower at 807.80 pence as of 9:40 a.m. in London, taking the stock’s decline this year to 2% and valuing the group at 15.5 billion pounds.Earnings Highlights:(Updates with planemaker delivery issues in fourth paragraph, predicted inventory rundown in seventh.)To contact the reporter on this story: Benjamin Katz in London at email@example.comTo contact the editors responsible for this story: Tara Patel at firstname.lastname@example.org, Christopher JasperFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Sitting in my friend’s garden in Richmond my head was pummelled by an Airbus A380 droning overhead at 1,800ft on its descent into Heathrow (July 12) — followed one minute later by a Boing 737, which was equally deafening.
Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half. Airbus is trying to overcome industrial delays at a newly expanded plant in Hamburg, Germany, which is responsible for enhanced cabins for the in-demand A321neo, the largest version of the planemaker's best-selling single-aisle family. Airbus said it was looking at options to increase the share of the A321neo in the wider A320neo family.
Airbus urged European governments to step up plans for a "likely" no-deal Brexit and settle a long-running subsidy dispute with the United States to help limit trade risks for Europe's largest planemaker. The twin concerns surrounding Airbus's cross-border factory network prompted Chief Executive Guillaume Faury to issue a warning about rising trade tensions even as he unveiled stronger than expected second-quarter profits, driving up Airbus shares. Airbus builds wings for commercial aircraft in Britain, where new Prime Minister Boris Johnson has promised to lead the country out of the European Union on Oct. 31 whether he has secured a negotiated departure or not, fuelling speculation in currency markets of a disorderly Brexit.
Air France-KLM provisionally agreed to order 60 of Airbus's new A220 jets on Tuesday while announcing the retirement of the planemaker's A380 superjumbo from its fleet, in a bid to improve the airline's fuel efficiency and costs. In a boost for the A220 programme acquired by Airbus from Bombardier last year, Air France-KLM's board approved 30 options and 30 purchase rights in addition to the 60 firm orders worth a$5.5 billion at 2018 list prices. The company said the 120-150-seater A220-300 would "improve Air France's environmental footprint" as it gradually replaces its older A318 and A319 models at the smaller end of its fleet, starting in 2021.
Air France-KLM agreed to order 60 of Airbus's new A220 jets on Tuesday while announcing the retirement of the planemaker's A380 superjumbo from its fleet, as the Franco-Dutch airline group moves to improve fuel efficiency and costs. In a boost for the A220 programme acquired by Airbus from Bombardier last year, Air France-KLM's board approved 30 options and 30 purchase rights in addition to the firm orders worth an estimated $5.5 billion at 2018 list prices. Airbus no longer publishes prices.
Singapore Airlines Ltd's budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline's growth goals. Scoot, which has 37 A320neo family jets on order, had once planned to take 14 Boeing Co 737-800s from Singapore Airlines regional arm SilkAir.
Singapore Airlines Ltd's budget offshoot Scoot said on Monday it would convert six Airbus SE A320neo orders to the larger A321neo model and lease another 10 A321neos to help meet the airline's growth goals. "The A321neos will inject growth possibilities to our network plans for 2020 and beyond," Scoot CEO Lee Lik Hsin said in a statement. Scoot, which has 37 A320neo family jets on order, had once planned to take 14 Boeing Co 737-800s from Singapore Airlines regional arm SilkAir.
The popular low-fare airline returned to strong earnings growth last quarter as its revenue growth and cost reduction plans started to gain traction.
Tanzania's government will buy two new Airbus jets and one plane from De Havilland Canada as part of a fleet expansion plan for the national flag carrier, the president said on Thursday. President John Magufuli has personally taken charge of the revival of Tanzania's loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016.
Airbus on Friday unveiled a concept aircraft with splayed wingtips and a fanned tail inspired by the feathers of an eagle as it experiments with “biomimicry” technology that could eventually lead to quieter landings and less pollution. The propeller-driven aircraft would have individually controlled "feathers" on the wingtips to provide what Airbus calls "active flight control" used by an eagle or a falcon. The regional aircraft would carry as many as 80 passengers up to 1,500 kilometres (930 miles) and burn 30% to 50% less fuel than today's equivalent planes, Airbus said.
Tanzania's government will buy two new Airbus jets and one plane from Bombardier Inc as part of a fleet expansion plan for the national flag carrier, the president said on Thursday. President John Magufuli has personally taken charge of the revival of Tanzania's loss-making state carrier Air Tanzania Company Limited (ATCL), spending hundreds of millions of dollars purchasing eight new planes since 2016.
Jul.31 -- Frederic Gagey, chief financial officer at Air France-KLM, discusses second-quarter results and upcoming changes to the airline's fleet. He speaks on "Bloomberg Markets."