|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||36.78 - 37.00|
|52 Week Range||20.84 - 37.00|
|Beta (3Y Monthly)||1.50|
|PE Ratio (TTM)||33.63|
|Forward Dividend & Yield||0.47 (1.26%)|
|1y Target Est||N/A|
Yahoo Finance's Adam Shapiro sits down with Delta CEO Ed Bastian to discuss domestic and international travel, its airline competitors, and the company's choice for Airbus jets over Boeing.
Delta has released second quarter results posting record revenue and an earnings beat. Yahoo Finance’s The First Trade, discusses with Adam Shapiro and Delta CEO Ed Bastian.
Airbus may soon pass Boeing to become the top plane maker in the world. Boeing said deliveries of its commercial jetliners dropped by more than 1/3 in the first half of this year. Yahoo Finance's Julie Hyman, Adam Shapiro, Brian Sozzi and Myles Udland discuss.
More bad news for Boeing. It’s poised to lose its ranking as the world’s biggest plane marker, as the company reports no new orders of Max aircrafts for the third straight month, and competitor Airbus picks up more orders. Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Emily McCormick discuss.
The idea behind Dust Identity was originally born in an MIT lab where thefounders developed the base technology for uniquely identifying objects usingdiamond dust
Russia's national flag carrier Aeroflot is planning to add nine medium-haul A320 Neo Airbus planes for about $870 million to its fleet next year, procurement documents show. The plan includes leasing six Airbus A320-251N for 12 years - the bidding process for which was launched on Monday - and three A321-251NX jets. Aeroflot has 367 aircraft in its fleet, including 248 medium-haul A320 and Boeing 737 jets.
(Bloomberg) -- Europe expects the World Trade Organization to give the U.S. the green light to hit the EU with tariffs aimed at products valued at between $5 billion and $7 billion in a 14-year dispute over illegal aircraft subsidies, according to two European government officials.President Donald Trump’s administration is waiting for the WTO to give its final decision on the damages caused by prohibited European aid for Airbus SE, after which the U.S. would move immediately to impose the tariffs, said the officials, who asked not to be identified because the process is ongoing. The WTO could issue its ruling as soon as this summer.In addition to helicopters and aircraft parts, the U.S. tariffs may also be aimed at goods such as cheese, olives and pasta, along with some types of whiskey in what the officials see as an effort to gain concessions from EU members to the American agricultural sector. The measures would come on top of duties the U.S. imposed on EU steel and aluminum exports a year ago over claims they posed a national-security threat.The office of the U.S. Trade Representative previously estimated the EU subsidies to Airbus cause approximately $11 billion in economic harm to the U.S. annually. The EU has a similar case pending against Boeing Co. and has already published a preliminary list of U.S. goods -- from ketchup to video-game consoles -- being targeted in a $12 billion plan for retaliatory levies.While the EU has kept the door open to a settlement that would avoid tit-for-tat tariffs, EU Trade Commissioner Cecilia Malmstrom signaled earlier this month that she expected the duties to be imposed.The simmering dispute threatens to push transatlantic relations to a new low and disrupt nascent negotiations launched a year ago to reach across-the-board cuts in industrial tariffs. The EU has also said it is prepared to hit 20 billion euros ($22.5 billion) of U.S. goods with tariffs if Trump follows through on a threat to impose duties on European cars and car parts.To contact the reporters on this story: Bryce Baschuk in Geneva at firstname.lastname@example.org;Birgit Jennen in Berlin at email@example.comTo contact the editors responsible for this story: Ben Sills at firstname.lastname@example.org, ;Simon Kennedy at email@example.com, Richard BravoFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Boeing shares extended declines Monday, while its European rival Airbus soared to an all-time high, as investors reacted to news that American Airlines has extended cancellations of the grounded 737 MAX for a fourth time, taking the troubled aircraft out of commission until at least November.
Boeing (NYSE:BA) is scheduled to report its second-quarter results July 24 before the markets open. They're not going to be pretty with the consensus estimate calling for a 46% decline over the same time last year. How will Boeing stock react to the news? Only time will tell. It's possible that most of the damage has already been priced in. Year to date, BA stock is up 10.8% through July 9, with 22% of the gains coming from its $8.22 annualized dividend payout. By comparison, the SPDR S&P 500 ETF (NYSEARCA:SPY) has a total return of 20.0%, double the aircraft manufacturer's performance so far in 2019. InvestorPlace - Stock Market News, Stock Advice & Trading TipsBoeing stock hit an all-time high of $446.01 on March 11, the day after the crash of an Ethiopian Airlines Boeing 737 Max 8, Boeing stock closed 11% lower at $397.73, drifting as low as $332.49 in May before recovering. * 10 Best ETFs for 2019: The Race for 1 Intensifies Where it goes after earnings is anybody's guess. Long-term, I believe Boeing is an excellent stock to own because air travel is going to continue to increase in demand over the next 10-20 years as emerging markets grow their middle class. The question for investors is whether you should buy Boeing stock before its earnings announcement after they're announced, or never at all. Buy Boeing Stock Before EarningsAs I write this, Boeing stock is down 21% from its 52-week and the all-time high. Is that enough punishment for a company that's struggled in the aftermath of two disasters in less than a year. It's not so much that Boeing doesn't want to get to the bottom of what's wrong with its aircraft; it's that it could be structurally incapable of it. That's the scarier of the two alternatives. The first half delivery numbers suggest Airbus (OTCMKTS:EADSY) is taking full advantage of Boeing's woes, delivering 389 planes in the first six months of the year, 63% more aircraft than its biggest competitor. To make matters worse, June was Boeing's third consecutive month with no new 737 Max orders. The aircraft maker delivered a total of 24 737s in the second quarter, most, if not all, were the older 737 NG. That's down from 89 737s in the first quarter and 137 in the second quarter. Although it was able to announce a June order for 200 737 Max's by British Airways' parent, International Consolidated Airlines Group, it continues to see defections to Airbus. Most recently, Saudi-based flyadeal canceled a provisional order for 30 737 Max's, opting to buy Airbus' A320 instead. With the production of the 737 Max down to 42 from more than 200 per month, the backlog of 4,600 737s is beginning to look like a number that could fall dramatically if more airlines cancel provisional deals to buy the aircraft. So, if you're a firm backer of American-made aircraft and Boeing itself, as I am, you have to figure the bad news is fully worked into its stock price.Unless the 737 Max is never allowed to fly again, which seems unlikely, the "sell on news" effect that typically happens with an earnings report, good or bad, is unlikely to have the adverse impact some might think. Worst case scenario: Boeing stock does fall and you buy some more. Buy After EarningsBetter safe than sorry. Although investors know most of the bad news to hit on earnings day, what CEO Dennis Muilenburg has to say about Airbus' deliveries overtaking Boeing for the first time in seven years still is critical. If investors get any sense that Boeing is worried about its European competitor, the stock could tumble even further on this revelation. I'm not saying Muilenburg feels this way. I'm merely suggesting a possible scenario out of left field that puts shareholder confidence at risk. Frankly, I believe that Boeing stock's held on quite well given the problems surrounding its bestselling plane. The last time I wrote about Boeing in April, I stated that things are likely to get worse before they get better. At the time, it was trading around $365. Down another 4% since then, it might have a little more pain to endure before it returns to the $400s. Here's what I said about Boeing in April:"Now is not the time to be guessing about the future. Has it bottomed? I don't think so."When will we know it's bottomed? When the 737 Max is back flying and enough time has passed to allow investors to forget what's happened over the past six months."While Boeing's CEO has been as contrite as possible in this scenario, the consumer is going to be hardpressed to forget about the potential risks of flying a 737 Max. That said, time does heal all wounds. Smart investors will be buying on any weakness after earnings. If you're considering Boeing stock, but aren't sure we've hit bottom, I'd recommend waiting until after the July 24. If it goes up, it likely won't rise by much, and you get still get in at a reasonable price. If you believe the 737 Max won't fly again, you should definitely not buy. Not now, not ever. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post When and If to Buy Boeing Stock Is All About the Max appeared first on InvestorPlace.
"In the next 15 years, the Latin American aviation market will require more than 2,000 new aircraft. The company also sells helicopters, military transportation and satellites to countries in the region.
"In the next 15 years, the Latin American aviation market will require more than 2,000 new aircraft. Last year, the company posted 64 billion euros ($72 billion) in net profit, 7% of which came from Latin American and the Caribbean.
Airbus has halted sales of a new book that the planemaker had commissioned for its 50th anniversary to avoid hampering the manufacturer's attempts to win a settlement in a bribery probe, two people familiar with the matter said. The move is the latest sign of tension in Airbus as it nears the climax of a roughly $400 million, four-year internal probe carried out in support of an Anglo-French investigation into the use of intermediaries to win jetliner and other deals. Airbus has already fired more than 100 people over ethics and compliance issues as its probe has progressed.
German Economy Minister Peter Altmaier on Thursday said he sees a 50-50 chance of averting U.S. auto tariffs, and that it will likely take weeks or months to resolve at least some of the thorny trade disputes clouding U.S.-European relations. Altmaier told reporters he had a constructive meeting with U.S. Trade Representative Robert Lighthizer, and both sides agreed it was important to work out their differences over a range of issues, including aircraft subsidies, car imports and the Russian-led Nord Stream 2 gas pipeline. Altmaier said his top priorities were averting U.S. tariffs on European cars imported into the United States, and resolving a 15-year-old row over government subsidies to U.S. planemaker Boeing and Europe's Airbus.
A team at the Northern Irish base of Canadian aerospace company Bombardier has won a prestigious engineering award for a composite wing that reduces the environmental footprint of commercial jets. The Belfast-based engineers won the 2019 MacRobert Award for the wing that is 10 per cent lighter than standard metal equivalents, which reduces fuel burn and CO2 emissions. It is used by Airbus, the European aeroplane maker.
BEIJING/PARIS (Reuters) - Air China Ltd , China's flagship carrier, will buy 20 A350-900 jets from Airbus SE , both companies said, bolstering the European planemaker's order book for wide-body jets against Boeing Co amid Sino-U.S. trade tensions. Air China on Thursday said the order is worth $6.54 billion, based on list prices, and that deliveries were scheduled from 2020 through 2022. Airbus, in a statement to Reuters, confirmed the order was new.
(Bloomberg Opinion) -- The co-founders of India’s No. 1 airline are engaged in a bitter feud. Their quarrel couldn’t have come at a worse time for minority shareholders of InterGlobe Aviation Ltd., the company that owns IndiGo. Investors were just starting to enjoy the fruits of a frenetic expansion that saw the no-frills carrier, Asia’s largest, double its capacity in the three years through March. Full-cost rival Jet Airways India Ltd. tried to keep up, until it was forced to ground its last plane in April under a truckload of debt. Meanwhile, InterGlobe has put together a cash war chest — net of debt — of nearly $2 billion. This is the time for IndiGo to be rewarding shareholders by consolidating its leadership position and filling the gap left by Jet, especially on overseas routes. Instead, the founders are busy picking fights.Rakesh Gangwal, a former CEO of U.S. Airways Group Inc., has dashed off a letter to the Indian stock-market regulator alleging corporate-governance lapses. He says partner Rahul Bhatia, who owns 1 percentage point more than U.S.-based Gangwal’s 37% stake, is dragging IndiGo into transactions with his other businesses, which are mostly housed under InterGlobe Enterprises Ltd. (IGE Group), without adequate auditing. The airline pays rent to IGE’s real-estate unit; the crew stays at hotels operated by Bhatia’s joint venture with Accor SA; pilots are trained at IGE’s flight simulator, a collaboration with Canada’s CAE Inc.; a Bhatia firm has also acted as a sales agent for IndiGo.What amounted to $22 million of related-party transactions, for a carrier that took in $4 billion in annual revenue, doesn’t exactly smack of a governance scandal. Not at an airline that thrives on keeping its costs under control. Bhatia, for his part, wants to know why Gangwal is questioning the arrangements now when he “did not raise for 13 years a whisper.” The India-based partner says he took most of the economic risk when setting up the airline. Besides, Gangwal isn’t denying entering into a shareholders’ agreement that gives Bhatia control, including the power to nominate half of the six-member board and most of the top managers. Gangwal’s letter mentions whistleblowers. Unless those charges are serious and material, the battle looks more about monetizing a business that he never wanted any part of until a persistent Bhatia talked him into it. Today, the co-founders can be legitimately proud of IndiGo, a rare success story in global aviation, achieved in a brutally price-competitive and fast-growing market. The problem seems to be about dividing up that success fairly. It probably rankles billionaire Gangwal, the strategy whiz, that his 37% stake is perhaps worth less than the market value of roughly $3 billion, while his money-man (former) friend’s 38% stake is worth much more.(1) After all, any airline or a buyout firm willing to write that big a check would want a measure of influence over the airline’s future: That’s something only Bhatia can give. If that’s the real reason Gangwal is seeking to enlist the regulator’s help “to make necessary changes to the unusual controlling rights available to the IGE Group,” then it’s a failure of mediation.From the shareholders’ perspective, it’s a dangerous lapse. Indians’ trust in business and business tycoons, finance and financiers, accounts and auditors has probably never been lower. Any suggestion of impropriety now can spiral out of control. No wonder the infighting dragged InterGlobe shares down nearly 11% on Wednesday, as investors braced themselves for a protracted and unpleasant legal and public-relations skirmish – much like the one that flared up at the Tata Group in 2016, after it fired then-Chairman Cyrus Mistry, who also happened to be a large shareholder.IndiGo became No. 1 by making flights take off and land on time more often than most other large global airlines. To investors’ horror, the messiness the carrier so studiously avoided in its operations – by relying on a single type of aircraft (the narrow-bodied Airbus), deploying its fleet efficiently and growing it strategically – has finally come back to haunt it. Not at the tarmac, but in the boardroom. (1) The total market capitalizationis about $8 billion.To contact the author of this story: Andy Mukherjee at firstname.lastname@example.orgTo contact the editor responsible for this story: Rachel Rosenthal at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Boeing is in the news a lot, but investors wondering if the stock is a good buy now should also look at the aerospace giant's fundamentals and its chart.
Brexit Positions Clarified in British Debate So, now Tory voters know what they’re choosing between, in terms of what will actually affect their lives come October 31st other than political platitudes like “uniting the country.” In a debate yesterday between the two remaining Tory candidates to replace current Prime Minister Theresa May as leader of […]The post Market Morning: Powell Pushes Gold, Wozniak Warns on Facebook, Boeing Deliveries Fall appeared first on Market Exclusive.
The world’s two commercial aerospace giants reported second-quarter deliveries, and Airbus, unsurprisingly, won the quarter because Boeing isn’t delivering the 737 MAX.
European shares closed lower for a fourth straight session on Wednesday as concerns about trade tensions and a weak global economy highlighted by Fed chair Jerome Powell overshadowed short-lived optimism of an interest rate cut later in the month. Powell said trade uncertainties and concerns about the global economy continue to weigh on the U.S. economic outlook and the U.S. central bank stands ready to "act as appropriate" to sustain a decade-long expansion. Markets jumped on the comments as sufficiently dovish pushing the S&P 500 above the 3,000 mark for the first time and sending most European indices into positive territory.