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The Boeing Company (BA)

NYSE - NYSE Delayed Price. Currency in USD
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165.07+2.80 (+1.73%)
At close: 4:00PM EDT
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Neutralpattern detected
Previous Close162.27
Bid0.00 x 1000
Ask0.00 x 800
Day's Range163.01 - 167.40
52 Week Range89.00 - 391.00
Avg. Volume45,019,195
Market Cap93.174B
Beta (5Y Monthly)1.47
PE Ratio (TTM)N/A
EPS (TTM)-5.03
Earnings DateOct 21, 2020 - Oct 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 13, 2020
1y Target Est175.77
  • Virgin Australia to Cut Third of Staff Under Bain Ownership

    Virgin Australia to Cut Third of Staff Under Bain Ownership

    (Bloomberg) -- Virgin Australia Holdings Ltd. will cut a third of its workforce and scale back its fleet under the ownership of Bain Capital as the buyout firm attempts to resurrect the airline during the industry’s worst-ever crisis.Under a plan announced Wednesday, 3,000 of the airline’s 9,000 jobs will go and long-haul international flights will remain suspended. After crumbling in April under A$6.8 billion ($4.9 billion) in borrowings, Virgin Australia will also get rid of all its long-distance Boeing Co. 777 and Airbus SE A330 jets and fly only Boeing 737s on short-haul routes.The proposals are the first glimpse of Bain’s plan to revive Virgin Australia in a market that shows little sign of recovery. Corporate aviation casualties are mounting up -- including Virgin Atlantic Airways Ltd. this week -- as carriers from Thailand to the Americas collapse or seek bankruptcy protection.“I applaud the courage of Bain to save an airline in the middle of a pandemic,” the airline’s Chief Executive Officer Paul Scurrah said Wednesday.A full recovery for the industry is unlikely before 2024, a year later than previously anticipated, the International Air Transport Association has warned. And even that might be optimistic, according to Scurrah.“Demand for domestic and short-haul international travel is likely to take at least three years to return to pre-Covid-19 levels, with the real chance it could be longer,” Scurrah said.A debt-burdened Virgin Australia buckled as the coronavirus pandemic brought business to a halt. Administrators fast-tracked an auction before the airline’s cash ran dry and agreed to sell it to Bain in June.Dim FutureSince then, Melbourne has retreated into full lockdown after a flareup in Covid-19 infections, and plans for a virus-free air corridor with New Zealand have been put on ice.Bain’s scaled back goals for Virgin Australia contrast with the airline’s previous and ultimately fateful ambition to compete with Qantas Airways Ltd. as a full-service carrier.That vision destroyed Virgin Australia’s balance sheet and ultimately led to a management shakeup. As the new CEO, Scurrah had barely started to cut costs, simplify operations and trim debt before he was overwhelmed by the pandemic.The airline will ditch its budget Tiger Australia brand and ensure travel credits are provided to customers on flights that were canceled due to the pandemic.Scurrah said the airline hopes to employ up to 8,000 staff as the market recovers.Qantas said in June it would cut 6,000 jobs and ground about 100 planes as it laid out plans to raise an additional A$1.9 billion to survive the downturn.Virgin Australia’s creditors, who include employees, are yet to find out how much money they will recoup. They’re due to vote on the proposed sale to Bain on Aug 26.The airline started as a low-cost domestic carrier in 2000. When it went under, Virgin Australia operated 144 aircraft. It had pushed back delivery of Boeing Co. 737 Max jets to July 2021, when it expected to receive the first of the 48 it had on order.(Updates with Scurrah comments, fresh details throughout.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Dow Jones Stocks To Buy And Watch In August 2020: Nike, Pfizer, Visa, Walmart
    Investor's Business Daily

    Dow Jones Stocks To Buy And Watch In August 2020: Nike, Pfizer, Visa, Walmart

    The Dow Jones Industrial Average closed out July with another modest gain, as the stock market continues to rebound. Top Dow Jones stocks to watch in August are Pfizer, Nike, Visa and Walmart. There are clear winners — and losers — through the first seven months of 2020.