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Boeing Co (BA.N)

BA.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Southwest Airlines Revising Plans To Remove The Max From Schedule Through Nov 2
Thursday, 18 Jul 2019 

July 18 (Reuters) - SOUTHWEST AIRLINES CO ::SOUTHWEST AIRLINES CO - REVISING PLANS TO REMOVE THE MAX FROM SCHEDULE THROUGH NOV. 2..SOUTHWEST AIRLINES - REVISION WILL REMOVE ROUGHLY 180 DAILY FLIGHTS FROM SCHEDULE OUT OF TOTAL PEAK-DAY SCHEDULE OF MORE THAN 4,000 DAILY FLIGHTS.  Full Article

Honeywell Says Aero business doing well, Aiming at $4 bln stock repuchase for 2019
Thursday, 18 Jul 2019 

July 18 (Reuters) - Honeywell International Inc ::HONEYWELL - "CONTINUING TO PLAN CAUTIOUSLY FOR THE SECOND HALF OF THE YEAR GIVEN THE UNCERTAIN MACRO ENVIRONMENT" - CONF CALL.HONEYWELL - SEEN SOME SLOWING IN CERTAIN OF CO'S SHORT-CYCLE BUSINESSES - CONF CALL.HONEYWELL-REGARDING BOEING 737 MAX SITUATION, REMAIN ALIGNED TO BOEING'S STATED PRODUCTION SCHEDULE, WILL CONTINUE TO MONITOR SITUATION CLOSELY - CONF CALL.HONEYWELL- ON MAX GROUNDING, WE DO NOT ANTICIPATE A "SIGNIFICANT IMPACT" TO CO'S OPERATIONAL RESULTS IN 2019..HONEYWELL- IN QUARTER SAW INCREASED DELIVERIES ON ALL GULFSTREAM PLATFORMS AND 'STRONG' AVIONICS DELIVERIES ON CERTAIN DASSAULT PLATFORMS.HONEYWELL- "AERO BUSINESS CONTINUES TO EXECUTE WELL".HONEYWELL- Q2 SALES MIX IN SPS NEGATIVELY IMPACTED CO'S MARGINS.HONEYWELL-SEES GROWTH THIS QUARTER TO BE DRIVEN BY CONTINUED LONG-CYCLE STRENGTH IN AEROSPACE,DEFENSE COUPLED WITH SHORT-CYCLE DEMAND IN BUILDING TECHNOLOGIES, OTHERS.HONEYWELL-AS IT RELATES TO SALE OF WEAPONS TO TAIWAN BY U.S. GOVERNMENT,POTENTIAL SANCTIONS FROM CHINA, SEE NO REASON WHY CO WOULD BE POTENTIALLY SANCTIONED BY CHINESE GOVERNMENT.HONEYWELL SAYS HAS RECEIVED NO OFFICIAL WORD FROM CHINESE GOVERNMENT THAT HONEYWELL IS ON A SANCTIONED LIST - CONF CALL.HONEYWELL SAYS ASSUMPTION OF THE INVENTORY DESTOCKING IN SPS UNIT CONTINUES FOR THE BALANCE OF 2019 - CONF CALL.HONEYWELL- EXPECTING TO SEE CONTINUED HEADWINDS IN SPS FROM BOTH SALES & SEGMENT MARGIN PERSPECTIVE BUT ANTICIPATE IT TO MODERATE IN Q4.  Full Article

United Airlines Says Co Expects MAX Jets To Return To Flight No Earlier Than November 3 - Conf Call
Wednesday, 17 Jul 2019 

July 17 (Reuters) - United Airlines Holdings Inc ::UNITED AIRLINES CEO SAYS ON OPERATIONAL FRONT, WEATHER, ISSUES RELATED TO PAKISTANI AND IRANIAN AEROSPACE AND 737 MAX GROUNDING DIDN'T KNOCK CO OFF ITS GAME - CONF CALL.UNITED AIRLINES CEO SAYS THIS QUARTER CO LAUNCHED 34 NEW DOMESTIC AND INTERNATIONAL ROUTES - CONF CALL.UNITED AIRLINES PRESIDENT SAYS HAS INCREASED CONFIDENCE IN MEETING OR BEATING 2019 EPS TARGET - CONF CALL.UNITED AIRLINES EXEC SEES HIGHER EX-FUEL COSTS IN 2019 PARTIALLY DUE TO 737 MAX GROUNDING - CONF CALL.UNITED AIRLINES EXEC SAYS 2.8% RISE IN PRASM ACROSS THE PACIFIC WAS A SURPRISE GIVEN NEGATIVE TRADE HEADLINES CO SAW EARLIER THIS YEAR.UNITED AIRLINES SEES Q3 CONSOLIDATED PASSENGER UNIT REVENUE TO BE UP 0.5% TO 2.5%.UNITED AIRLINES EXEC SAYS FOR FULL YEAR 2019, CO EXPECTS OVERALL CAPACITY GROWTH WILL RESULT IN ABOUT 2 POINTS LESS GROWTH THAN ORIGINAL PLAN ON GROUNDING OF 737 MAX JETS, SUSPENSION OF INDIA FLIGHTS.UNITED AIRLINES EXEC SAYS CO EXPECTS MAX JETS TO RETURN TO FLIGHT NO EARLIER THAN NOVEMBER 3.UNITED AIRLINES EXEC SAYS FOR 2019, CO EXPECTS FULL YEAR CAPACITY TO BE UP 3% TO 4%.UNITED AIRLINES EXEC SAYS CO ANTICIPATES IT WILL BE ABLE TO MAKE UP SOME OF THE LOST CAPACITY NEXT YEAR BUT NOT ALL OF IT.UNITED AIRLINES EXEC SAYS NEW FLYERS IN EARLY 2019 WERE UP 11% YEAR OVER YEAR.UNITED AIRLINES CFO SAYS FOR Q3 CO SEES NON FUEL UNIT COST TO BE UP 1% TO 2%, AND EXPECTS THIS TREND TO CONTINUE INTO Q4.  Full Article

Boeing To Give Half Of Pledged $100 Mln Fund To Support Victims Of Recent Flight Crashes
Wednesday, 17 Jul 2019 

July 17 (Reuters) - Boeing Co ::BOEING DEDICATES $50 MILLION OF PLEDGED $100 MILLION TO NEAR-TERM RELIEF FOR FAMILIES OF VICTIMS OF THE LION AIR & ETHIOPIAN AIRLINES FLIGHT ACCIDENTS.BOEING SAYS TO PARTNER WITH KENNETH FEINBERG & CAMILLE BIROS ON FUND CREATION & DISTRIBUTION.BOEING SAYS AMOUNT DISTRIBUTED BY FEINBERG AND BIROS WILL BE INDEPENDENT FROM ANY RESOLUTION PROVIDED THROUGH THE LEGAL PROCESS.  Full Article

Ryanair Expects Boeing 737 MAX Delivery Delays To Slow Summer 2020 Growth Rate To 3% From 7%
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Ryanair Holdings PLC ::RYANAIR EXPECTS B737 MAX DELAYS TO SLOW S20 GROWTH.RYANAIR EXPECTS BOEING MAX DELIVERY DELAYS TO SLOW CAPACITY GROWTH FOR WINTER 2019 AND SUMMER 2020.REMAINS COMMITTED TO B737 MAX AIRCRAFT, AND NOW EXPECTS THAT IT WILL RETURN TO FLYING SERVICE BEFORE END OF 2019.EXACT DATE OF B737 MAX AIRCRAFT RETURN REMAINS UNCERTAIN.NOW HOPES TO RECEIVE ITS FIRST MAX200 AIRCRAFT SOMETIME BETWEEN JANUARY AND FEBRUARY 2020.EXPECTS THAT MAX200 WILL BE APPROVED FOR FLIGHT SERVICES WITHIN 2 MONTHS OF MAX RETURN TO SERVICE.NOW PLANNING SUMMER 2020 SCHEDULES BASED ON TAKING UP TO 30 B737 MAX AIRCRAFT DELIVERIES UP TO END OF MAY 2020.FOR PLANNING PURPOSES, RYANAIR WILL NOW REVISE ITS SUMMER 2020 SCHEDULE BASED ON 30 INCREMENTAL AIRCRAFT, RATHER THAN 58.FOR PLANNING PURPOSES, RYANAIR WILL NOW REVISE ITS SUMMER 2020 SCHEDULE BASED ON 30 INCREMENTAL AIRCRAFT, RATHER THAN 58.REVISED SCHEDULE WILL CUT RYANAIR'S SUMMER 2020 GROWTH RATE FROM 7% TO 3%.FULL YEAR TRAFFIC GROWTH FOR YEAR TO MARCH 2021 WILL BE CUT FROM 162M GUESTS TO APPROX. 157M.SHORTFALL IN AIRCRAFT DELIVERIES WILL NECESSITATE SOME BASE CUTS AND CLOSURES FOR SUMMER 2020, BUT ALSO FOR WINTER 2019 SCHEDULE.STARTING TALKS WITH AIRPORTS TO DETERMINE WHICH UNDERPERFORMING/LOSS MAKING BASES SHOULD SUFFER THESE SHORT TERM CUTS AND/CLOSURES FROM NOV.CONSULTING WITH ITS PEOPLE, UNIONS IN PLANNING BASE CUTS, WHICH ARE DIRECTLY CAUSED BY B737 MAX DELIVERY DELAYS TO B737 MAX PROGRAM.  Full Article

American Airlines - Compliance With FAA Directive On Boeing 737 Max, Related Flight Cancellations Have Caused "Significant Disruption To Our Customers"
Tuesday, 16 Jul 2019 

July 15 (Reuters) - American Airlines Group Inc ::AMERICAN AIRLINES - COMPLIANCE WITH FAA DIRECTIVE ON BOEING 737 MAX, RELATED FLIGHT CANCELLATIONS HAVE CAUSED "SIGNIFICANT DISRUPTION TO OUR CUSTOMERS".AMERICAN AIRLINES - COMPLIANCE WITH FAA DIRECTIVE ON BOEING 737 MAX, RELATED FLIGHT CANCELLATIONS EXPECTED TO CONTINUE TO CAUSE FINANCIAL COSTS TO CO.  Full Article

Raytheon Selected For B-52 Aesa Radar Upgrade
Thursday, 11 Jul 2019 

July 11 (Reuters) - Raytheon Co ::RAYTHEON SELECTED FOR B-52 AESA RADAR UPGRADE.RAYTHEON CO - LOW RATE INITIAL PRODUCTION IS SCHEDULED TO BEGIN IN 2024..RAYTHEON CO - CO WAS SELECTED BY BOEING COMPANY AS RADAR SUPPLIER FOR B-52 BOMBER RADAR MODERNIZATION PROGRAM.RAYTHEON CO - WILL DESIGN, DEVELOP, PRODUCE AND SUSTAIN ACTIVE ELECTRONICALLY SCANNED ARRAY RADAR SYSTEMS FOR ENTIRE U.S. AIR FORCE B-52 FLEET.  Full Article

UAE's Mubadala Says Strata To Expand Facility For Boeing 787 Dreamliner Assembly
Monday, 8 Jul 2019 

July 8 (Reuters) - MUBADALA INVESTMENT COMPANY::STRATA MANUFACTURING TO EXPAND ITS CURRENT MANUFACTURING FACILITIES TO ON BOARD ASSEMBLY OF BOEING 787 DREAMLINER VERTICAL FINS.MODIFICATIONS TO STRATA’S EXISTING FACILITY AT NIBRAS AL AIN AEROSPACE PARK FOLLOW AN AGREEMENT SIGNED BY TWO AIRCRAFT MANUFACTURERS AT FARNBOROUGH AIRSHOW 2016.UNDER AGREEMENT, STRATA WILL REPLICATE CAPABILITIES OF BOEING SALT LAKE CITY 787 VERTICAL FIN ASSEMBLY LINE TO SUB-ASSEMBLE VERTICAL FINS FOR DREAMLINER FAMILY OF AIRPLANES FROM ITS AL AIN FACILITY.ASSEMBLY IS SCHEDULED TO COMMENCE IN 2020.ASSEMBLED PART WILL BE SHIPPED TO NORTH CHARLESTON, SOUTH CAROLINA, AND INSTALLED ON 787 FUSELAGES.  Full Article

Fly Leasing To Sell 12 Aircraft
Monday, 8 Jul 2019 

July 8 (Reuters) - FLY Leasing Ltd ::PRESS RELEASE - FLY LEASING TO SELL 12 AIRCRAFT.FLY LEASING LTD - FLY ANTICIPATES SALES WILL GENERATE IN EXCESS OF $125 MILLION OF CASH AFTER REPAYING DEBT RELATED TO AIRCRAFT.FLY LEASING LTD - SALES ARE EXPECTED TO BE COMPLETED IN Q3 OF 2019..FLY LEASING LTD - HAS CONTRACTED TO SELL A PORTFOLIO OF 12 AIRCRAFT, COMPRISED OF AIRBUS A320S AND BOEING 737S WITH AN AVERAGE AGE OF EIGHT YEARS..FLY LEASING LTD - FOLLOWING SALES, FLY'S FLEET WILL COMPRISE 86 AIRCRAFT WITH A WEIGHTED AVERAGE AGE OF APPROXIMATELY SEVEN YEARS.  Full Article

Boeing CEO comments on 737 MAX Certification Process
Wednesday, 3 Jul 2019 

July 3 (Reuters) - :BOEING CEO - WORK CONTINUES WITH REGULATORS TO COMPLETE AS MANY ELEMENTS OF 737 MAX CERTIFICATION PROCESS AS POSSIBLE, AS WE DEVELOP ADDITIONAL SOFTWARE.BOEING CEO - "IT'S IMPORTANT WE TAKE THE TIME NECESSARY TO MAKE" UPDATES TO SOFTWARE.  Full Article

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Boeing takes $4.9 billion charge related to 737 MAX

SEATTLE Boeing said on Thursday it would take an after-tax charge of $4.9 billion in the second quarter related to estimated disruptions from the grounding of its 737 MAX after two deadly crashes.