305.10 -0.49 (-0.16%)
After hours: 6:10PM EST
|Bid||304.30 x 900|
|Ask||305.10 x 900|
|Day's Range||304.06 - 315.22|
|52 Week Range||302.72 - 446.01|
|Beta (5Y Monthly)||1.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||8.22 (2.59%)|
|Ex-Dividend Date||Feb 12, 2020|
|1y Target Est||N/A|
These high-debt companies could be next in the wave of credit downgrades, making them more vulnerable to losses Continue reading...
Susan Doniz, a former executive at Qantas, will help the jet maker's IT efforts, as well as work to boost its information security and data analytics.
Virgin Galactic stock continued to retreat as the space tourism company looks ahead to restarting ticket sales while quarterly losses mount.
Boeing 737 Max customers reportedly are in talks with the aerospace giant to fund simulator training once the troubled jet is cleared.
Annual reports don’t always get the full treatment from Wall Street analysts. But GE—in turnaround mode under new CEO Larry Culp—is a special case.
Moody's Investors Service said that the commitment by All Nippon Airways Co., Ltd. ("ANA") for 12 Boeing 787 family aircraft is modestly credit positive for The Boeing Company. For additional information, research subscribers are directed to the associated issuer comment which can be found on Moody's website at www.moodys.com. The Boeing Company, headquartered in Chicago, Illinois, is a leading large commercial airplane manufacturer and one of the largest prime contractors for aircraft and related systems to the US Department of Defense.
Virgin Galactic stock is on an epic tear, leaving some value investors scratching their heads. The company, however, has ambitions to become more than a space-tourism operator. It wants to bring hypersonic flight to the masses.
DOW UPDATE Buoyed by strong returns for shares of Boeing and Apple Inc., the Dow Jones Industrial Average is rallying Wednesday morning. Shares of Boeing (BA) and Apple Inc. (AAPL) have contributed about 50% of the index's intraday rally, as the Dow (DJIA) was most recently trading 433 points higher (1.
Sales of new U.S. single-family homes raced to a 12-1/2-year high in January, pointing to housing market strength that could help to blunt any hit on the economy from the coronavirus and keep the longest economic expansion in history on track. The report from the Commerce Department on Wednesday added to a raft of other upbeat data on the housing market, which is emerging as one of the few bright spots on the economy as business investment continues to slump and consumer spending slows. Unseasonably mild weather and the lower mortgage rates that followed the Federal Reserve's three interest rate cuts last year are boosting housing market activity.
(Bloomberg Opinion) -- The deadly coronavirus has spread to European holiday destinations. That’s of huge concern to a travel industry that will soon be gearing up for its peak summer season.When the outbreak emerged in China, worries centered on airlines and hotels in that region, as well as valuable outbound tourism from the country. But now the disease has shown up in Italy, and notably in Spain’s Canary Islands, shorter haul European travel is being drawn into the fray.Shares in TUI AG, Europe’s biggest travel operator, have fallen about 18% this week, while those of the budget airlines EasyJet Plc and Ryanair Holdings Plc are down by about 20%.Already reeling from the “flight shame” phenomenon, which has seen some environmentally conscious consumers shunning air travel, and disruption from grounded Boeing 737 Max jets, a global viral outbreak will have a profound effect on the confidence of travelers and vacationers everywhere.Europe’s peak period for early holiday bookings, stretching from Boxing Day to the third week of January, ended just as the virus was emerging. The first Saturday in January is known as “Sunshine Saturday,” when holidaymakers hit the travel agents or, more probably, buy their flight and accommodation on the internet.But even booked trips are at risk of cancellation as Europeans digest what’s happening in the Spanish holiday island of Tenerife, where 700 people have been contained in a hotel after several guests were found to have the virus. What’s more troubling for the travel industry is that most of their profit doesn’t come from early bookers, but rather from people who are buying holidays from now onward.The outbreak in northern Italy is equally difficult for the airlines (it is a big part of Ryanair’s business) and travel companies, but that country tends to offer more upmarket destinations. The Canary Islands and mainland Spain — where some cases have also been identified — are firmly in the middle and mass markets, so the impact there could be bigger. TUI AG’s RIU hotel chain has a strong presence in Spain and the Canary Islands.Cruises, obviously, have been hit hard by the outbreak, given the pictures of passengers quarantined on ships being beamed around the world. That’s another big worry for TUI, which which has been building its ships business. Analysts at Morgan Stanley estimate that the volume of bookings has fallen by double digits across the whole of the cruise market in the U.S. and Europe in recent weeks.If the outbreak is contained relatively soon, the effect on tour operators might be short-lived. Holidaymakers who have held off from booking should come back to the market. But if infections continue beyond May, as looks increasingly likely, the industry’s problems will intensify.At this point, the travel groups are usually snapping up airline capacity for the peak summer months. As they make all of their profit during this period, a prolonged outbreak now would be doubly damaging. One poor summer season in 2018, because of a European heatwave, helped to sink the British travel giant Thomas Cook. That company was also burdened by more than 1 billion pounds ($1.3 billion) of debt, but it’s fate underlines just how dependent the travel industry is on the traditional beach getaway.To contact the author of this story: Andrea Felsted at firstname.lastname@example.orgTo contact the editor responsible for this story: James Boxell at email@example.comThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
China Eastern Airlines Corp Ltd launched on Wednesday a fresh subsidiary - OTT Airlines - to push home-grown aircraft to wider markets, the carrier said on its official account on Chinese social media platform Weibo. The Shanghai-based airline said OTT Airlines, which translates to 'one two three' in Chinese, would be the first airline to operate Commercial Aircraft Corp of China's (COMAC) C919 narrow-body planes, which are undergoing flight testing. China Eastern was initially slated to be the first operator.
Boeing Co's recent recommendation that airline pilots undergo simulator training before they resume flying the grounded 737 MAX was "a huge relief" for Transport Canada, the regulator's national aircraft certification director said on Tuesday. Transport Canada is among a core group of regulators evaluating requirements for the 737 MAX to fly again after a near year-long global grounding of the fleet following two fatal accidents. Boeing in January shifted its position from an earlier recommendation that pilots only needed computer-based training before flying the MAX.
The company provided disclosures about cash flow, debt, pensions and the 737 MAX. The good news for investors is the report has shrunk.
Regulators recommended that another problem with the Boeing 737 Max production line be fixed before the jet returns to service to prevent engine failure.
Boeing received its first commercial jet order in 2020 as Japan's ANA buys 787 Dreamliners with General Electric engines.
All Nippon Airways will acquire up to 20 more 787 Dreamliner jets, maintaining its status as the world's biggest operator of Boeing's fuel-efficient, advanced jetliner.
The stock market sold off for a second straight day, with major indexes losing around 3% each. Some top-rated stocks made sell signals.
Three Democratic U.S. senators on Tuesday introduced sweeping legislation to reform how new airplanes are certified and overseen by U.S. regulators after two fatal Boeing 737 MAX crashes killed 346 people. The bill would create an independent aircraft certification commission, bar Boeing Co and other manufacturers from tying employee compensation to delivery of airplanes and increase oversight of manufacturers that handle delegated certification tasks on behalf of the Federal Aviation Administration (FAA). Boeing's best-selling jet has been grounded since March 2019 and the FAA has been criticized by some for its role in approving the jet's new safety system in the wake of both fatal crashes.
Spirit AeroSystems Inc. has amended a credit agreement to help give it time to recover from the fallout of the production halt on the Boeing Co. 737 MAX. According to a new filing with the Securities and Exchange Commission, Spirit (NYSE: SPR) has reached agreed changes on a 2018 deal that will modify the associated financial performance ratios underlying its credit until next year. “Given the production suspension and 2020 production rate for the (Boeing) 737 MAX, absent a waiver or an amendment of the 2018 credit agreement, the company was expected to breach the total leverage ratio beginning with the first fiscal quarter of 2020 and continuing into 2021,” Spirit said in the filing.