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Boeing Co (BA.N)

BA.N on New York Stock Exchange

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12:35am IST
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$-6.93 (-1.83%)
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Latest Key Developments (Source: Significant Developments)

Westjet Suspends 2019 Financial Guidance In Light Of Boeing 737 Max Grounding
Monday, 18 Mar 2019 

March 18 (Reuters) - WestJet Airlines Ltd ::WESTJET SUSPENDS 2019 FINANCIAL GUIDANCE IN LIGHT OF BOEING 737 MAX GROUNDING.IT IS SUSPENDING ALL 2019 FINANCIAL GUIDANCE PROVIDED ON DECEMBER 4, 2018 AND FEBRUARY 5, 2019.FOR REMAINDER OF Q1 WESTJET EXPECTS IT WILL BE ABLE TO PROTECT APPROXIMATELY 86 PER CENT OF GUESTS BOOKED ON MAX FLIGHTS.FINANCIAL GUIDANCE FOR EPS, ROIC AND CUMULATIVE FREE-CASH FLOW OVER PERIOD OF 2020-2022 REMAINS IN PLACE.FOR REST OF Q1, EXPECTS TO BE ABLE TO COVER ABOUT 75 PER CENT OF FLIGHTS THAT WERE INTENDED TO OPERATE ON MAX WITH OTHER AIRCRAFT."CONTINUES TO IMPLEMENT AND EXECUTE ITS CONTINGENCY PLAN TO MINIMIZE GUEST DISRUPTION AND ANY FINANCIAL IMPACT".  Full Article

The U.S. Department Of Transportation Is Investigating The FAA'S Approval Of Boeing 737 Max Jetliners - WSJ
Monday, 18 Mar 2019 

March 17 (Reuters) - Boeing Co ::THE U.S. DEPARTMENT OF TRANSPORTATION IS INVESTIGATING THE FAA'S APPROVAL OF BOEING 737 MAX JETLINERS - WSJ.U.S. DEPARTMENT OF TRANSPORTATION'S INQUIRY INTO FAA'S APPROVAL OF BOEING 737 MAX JETLINERS WAS LAUNCHED AFTER OCTOBER'S LION AIR ACCIDENT - WSJ.  Full Article

U.S. FAA, Boeing Clash Over Pilot Training For 737 Max Software Fix - WSJ
Saturday, 16 Mar 2019 

March 15 (Reuters) - :U.S. FAA, BOEING HAVE CLASHED OVER PILOT TRAINING FOR 737 MAX SOFTWARE FIX - WSJ, CITING SOURCES.U.S. FAA, BOEING AT ODDS OVER HOW MUCH PILOT TRAINING REQUIRED IN CONJUNCTION WITH COMING SOFTWARE FIX FOR 737 MAX JETS- WSJ, CITING SOURCES.  Full Article

United Airlines Says Not Experiencing Significant Operational Or Financial Impact Due To FAA Order Grounding Boeing 737 Max Aircraft
Saturday, 16 Mar 2019 

March 15 (Reuters) - Boeing Co ::UNITED AIRLINES - NOT EXPERIENCING SIGNIFICANT OPERATIONAL OR FINANCIAL IMPACT DUE TO FAA ORDER ON MARCH 13 GROUNDING BOEING 737 MAX AIRCRAFT.UNITED AIRLINES - FINANCIAL & OPERATIONAL IMPACT TO CO EXPECTED TO INCREASE IF BOEING 737 MAX GROUNDING EXTENDS INTO PEAK SUMMER TRAVEL SEASON.UNITED AIRLINES SAYS AS OF MARCH 13, WAS OPERATING 14 BOEING 737 MAX AIRCRAFT THAT ACCOUNTED FOR ABOUT 40 FLIGHTS A DAY - SEC FILING.  Full Article

Ethiopian Airlines CEO Says "There Is Clear Similarity Between Our Crash And The Lion Air Crash" - Xinhua
Friday, 15 Mar 2019 

March 15 (Reuters) - :ETHIOPIAN AIRLINES CEO SAYS RESULTS FROM CRASHED JET'S BLACK BOXES "WILL TAKE SOME DAYS" - XINHUA NEWS AGENCY.ETHIOPIAN AIRLINES CEO SAYS "THERE IS CLEAR SIMILARITY BETWEEN OUR CRASH AND THE LION AIR CRASH" - XINHUA.  Full Article

Air Canada Suspends 2019 Financial Guidance In Light Of Boeing 737 Max Grounding
Friday, 15 Mar 2019 

March 15 (Reuters) - Air Canada ::AIR CANADA SUSPENDS 2019 FINANCIAL GUIDANCE IN LIGHT OF BOEING 737 MAX GROUNDING.AIR CANADA - CONTINUES TO ADAPT CONTINGENCY PLAN TO ADDRESS EVOLVING SITUATION.AIR CANADA - GUIDANCE PROVIDED FOR YEARS 2020 AND 2021 WITH RESPECT TO ANNUAL EBITDA MARGIN AND ANNUAL ROIC REMAINS IN PLACE.AIR CANADA - FINANCIAL GUIDANCE PROVIDED FOR YEARS 2020 AND 2021 WITH RESPECT TO CUMULATIVE FREE CASH FLOW REMAINS IN PLACE.AIR CANADA - AFTER TRANSPORT CANADA'S SAFETY NOTICE CLOSING CANADIAN AIRSPACE TO BOEING 737 MAX AIRCRAFT UNTIL FURTHER NOTICE, CO SUSPENDS 2019 GUIDANCE.AIR CANADA - SUSPENDS FY GUIDANCE ALSO POST FEDERAL AVIATION ADMINISTRATION'S TEMPORARY GROUNDING ORDER & BOEING'S DECISION TO SUSPEND MAX DELIVERIES.  Full Article

S&P Says Don't See Boeing's 737 Max Grounding A Major Factor For Companies It Rates
Thursday, 14 Mar 2019 

March 14 (Reuters) - S&P ::S&P SAYS THE GROUNDING OF BOEING'S 737 MAX WILL CAUSE DISRUPTION BUT SHOULDN'T BE A MAJOR FACTOR FOR THE COMPANIES S&P RATES.S&P SAYS COULD REVISE ASSESSMENT OF 737 MAX AIRCRAFT IF S&P CONCLUDES RECENT ACCIDENTS WILL LEAD TO LASTING DIMINUTION OF COLLATERAL VALUE OR RESALE LIQUIDITY.  Full Article

United Airlines Says Co Is Routinely In Contact With Boeing, Other Manufacturers
Thursday, 14 Mar 2019 

March 14 (Reuters) - UNITED AIRLINES::UNITED AIRLINES SAYS CO IS ROUTINELY IN CONTACT WITH BOEING AND OTHER MANUFACTURERS ABOUT FUTURE NEEDS OF CO'S FLEET.  Full Article

GE Sees 2019 Adjusted EPS $0.50 - $0.60
Thursday, 14 Mar 2019 

March 14 (Reuters) - General Electric Co ::GE SEES 2019 ADJUSTED EPS $0.50 - $0.60.GE SEES 2019 GE INDUSTRIAL SEGMENT ORGANIC REVENUES (NON-GAAP) WILL GROW IN THE LOW- TO MID-SINGLE-DIGIT RANGE.GE - EXPECTS 2019 GE INDUSTRIAL SEGMENT ORGANIC REVENUES (NON-GAAP) WILL GROW IN THE LOW- TO MID-SINGLE-DIGIT RANGE.GE SEES 2019 ADJUSTED GE INDUSTRIAL MARGIN (NON-GAAP) WILL EXPAND IN A RANGE FROM FLAT TO 100 BASIS POINTS.GE SEES 2019 ADJUSTED INDUSTRIAL FCF NEGATIVE $2 BILLION TO $0 BILLION.FY2019 EARNINGS PER SHARE VIEW $0.70, REVENUE VIEW $118.40 BILLION -- REFINITIV IBES DATA.GE - EXPECTS 2019 ADJUSTED GE INDUSTRIAL MARGIN (NON-GAAP) WILL EXPAND IN A RANGE FROM FLAT TO 100 BASIS POINTS.GE LOOKING AHEAD TO 2020 & 2021, EXPECTS ADJUSTED INDUSTRIAL FREE CASH FLOWS (NON-GAAP) TO BE POSITIVE IN 2020, WITH PACE OF IMPROVEMENT ACCELERATING IN 2021.GE SEES GE CAPITAL NET INCOME BREAKEVEN BY 2021.GE SEES ADJUSTED CORPORATE NET COST $500 MILLION + LOWER BY 2021.GE - EXPECTS 2019 ADJUSTED GE INDUSTRIAL FREE CASH FLOWS (NON-GAAP) OF POSITIVE $0 BILLION TO NEGATIVE $2 BILLION.GE - EXPECTS ADJUSTED INDUSTRIAL FREE CASH FLOWS (NON-GAAP) TO BE POSITIVE IN 2020, WITH PACE OF IMPROVEMENT ACCELERATING IN 2021.GE CEO CULP SAYS "WILL CONTINUE TO TAKE THOUGHTFUL ACTIONS TO REDUCE DOWNSIDE RISK AND INCREASE UPSIDE OPTIONALITY.GE - FOR GE CAPITAL, EXPECT TO ISSUE DEBT IN 2021 AND NO PLANS FOR COMMERCIAL PAPER USAGE.GE SAYS "2019 A RESET YEAR WITH 1Q WEAKEST QUARTER".  Full Article

Southwest Airlines Co says Removed Co's 34 Max 8 Aircraft From Scheduled Service
Thursday, 14 Mar 2019 

March 13 (Reuters) - Southwest Airlines Co ::SOUTHWEST AIRLINES STATEMENT REGARDING 737 MAX 8.SOUTHWEST AIRLINES CO - REMOVED CO'S 34 MAX 8 AIRCRAFT FROM SCHEDULED SERVICE.SOUTHWEST AIRLINES CO - CO OPERATES FLEET OF OVER 750 BOEING 737S, AND 34 MAX 8 AIRCRAFT ACCOUNT FOR LESS THAN FIVE PERCENT OF CO'S DAILY FLIGHTS.  Full Article

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Wall Street inches higher ahead of Fed policy meeting

NEW YORK Wall Street edged higher on Monday as declines in Boeing and Facebook held gains in check and investors eyed this week's Federal Reserve meeting for affirmation of the central bank's commitment to "patient" monetary policy.