Pre-Market: 4:28AM EDT
|Bid||0.00 x 1300|
|Ask||0.00 x 1000|
|Day's Range||351.75 - 351.47|
|52 Week Range||292.47 - 446.01|
|Beta (3Y Monthly)||1.33|
|PE Ratio (TTM)||20.07|
|Earnings Date||Jul 23, 2019 - Jul 29, 2019|
|Forward Dividend & Yield||8.22 (2.18%)|
|1y Target Est||421.05|
China's airline industry association has thrown its support behind 13 Chinese carriers seeking compensation from Boeing for groundings of the 737 Max 8. The China Air Transport Association said in a statement Friday that the groundings and delayed deliveries of the planes were causing "serious damage" to the companies' businesses. China was among the first governments to order 737 Max jets grounded in March after crashes in Ethiopia and Indonesia.
MONTREAL/FORT WORTH, Texas (Reuters) - The Federal Aviation Administration (FAA) expects to approve Boeing Co's 737 MAX jet to return to service as soon as late June, representatives of the U.S. air regulator informed members of the United Nations' aviation agency in a private briefing on Thursday, sources told Reuters. The target, if achieved, means U.S. airlines would likely not have to greatly extend costly cancellations of 737 MAX jets they have already put in place for the peak summer flying season, but the FAA representatives warned that there was no firm timetable to get the planes back in the air. American Airlines Group Inc, Southwest Airlines Co and United Airlines suspended 737 MAX flights into July and August after the FAA grounded Boeing's best-selling jet in March following two crashes in the space of five months that together killed 346 people.
The China Air Transport Association (CATA) on Friday said it estimates losses at Chinese airlines caused by the grounding of Boeing Co's 737 MAX aircraft will reach around 4 billion yuan ($579.32 million) by the end of June. China was the first country to ground the 737 MAX two months ago after a crash in Ethiopia killed 157 people in March, in the second such incident for Boeing's newest aircraft.
A top NASA executive hired in April to guide strategy for returning astronauts to the moon by 2024 has resigned, the space agency said on Thursday, the culmination of internal strife and dwindling congressional support for the lunar initiative. Mark Sirangelo, named six weeks ago as special assistant to NASA Administrator Jim Bridenstine, left the agency as NASA abandoned a reorganization plan due to a chilly reception on Capitol Hill, Bridenstine said in a statement. Two individuals close to the space program and familiar with the situation said Sirangelo was escorted out of NASA's headquarters in Washington on Wednesday after his resignation.
Stock futures: The China trade war smashed the stock market Thursday. Boeing rose late on 737 Max hopes. Autodesk and Splunk were key earnings movers.
SpaceX launched its first wave of operational Starlink satellites for a space-based internet Thursday night after a week-long delay.
A top NASA executive hired in April to guide strategy for returning astronauts to the moon by 2024 has resigned, the space agency said on Thursday, the culmination of internal strife and dwindling congressional support for the lunar initiative. Mark Sirangelo, named six weeks ago as special assistant to NASA chief Jim Bridenstine, "has opted to pursue other opportunities," Bridenstine said in a statement, after NASA's new lunar exploration plan met a chilly reception on Capitol Hill. Two sources familiar with the situation said Sirangelo was escorted out of NASA's headquarters in Washington after his resignation.
Simulator training remains a "possible option" for Canadian Boeing 737 MAX pilots, but it's too early to say whether it would be mandatory, a Transport Canada official said on Thursday night, further distancing the regulator from previous remarks by the country's transport minister. "It would be premature not seeing what Boeing has fully proposed yet to determine if simulator training will in fact be included," said Nicholas Robinson, the regulator's director general, civil aviation, told reporters on a conference call following a meeting of global regulators in Texas. Canada's Transport Minister Marc Garneau called in April for pilots to received simulator training for Boeing's software fix.
The FAA could recertify the Boeing 737 Max as soon as late June, if the company submits a software fix in the coming days.
The head of the US Federal Aviation Administration says he hopes global regulators can act together to return the grounded Boeing 737 Max to the skies but refused to commit to a timetable for a resumption ...
Elwell gave a fairly upbeat assessment of the dialogue between regulators during the day-long meeting at the FAA office in Fort Worth, Texas, where 57 industry leaders from 33 countries met two months after Boeing's 737 Max was grounded. "The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.
FORT WORTH, Texas (Reuters) - The acting head of the Federal Aviation Administration said on Thursday that an eight-hour meeting with international air regulators to discuss the grounded Boeing Co 737 ...
U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect approval of Boeing Co's 737 MAX jets to fly in the United States as early as late June, three people with knowledge of the matter said, although there is no firm timetable for the move. FAA and Boeing representatives briefed members of the International Civil Aviation Organization's (ICAO) governing council in Montreal on Thursday on efforts to return the plane to service.
The acting head of the Federal Aviation Administration said on Thursday that an eight-hour meeting with international air regulators to discuss the grounded Boeing Co 737 MAX was "exceedingly positive" ...
NEW YORK, NY / ACCESSWIRE / May 23, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you have ...
Check out the companies making headlines after the bell:Shares of HP Inc. HPQ rose more than 1% in extended trading after the software company reported second-quarter earnings that beat expectations. The company reported earnings of 53 cents per share on revenue of $14.
U.S. Federal Aviation Administration (FAA) representatives told members of the United Nations' aviation agency they expect an ungrounding of Boeing Co's 737 MAX jets in the United States as early as late June, three people familiar with Thursday's briefing said, though there is no firm timetable for the move. FAA and Boeing representatives were briefing members of the International Civil Aviation Organization's (ICAO) governing council in Montreal on Thursday. The briefing was made by two FAA officials, one of the sources said.
The scandal surrounding Boeing and its 737 Max jets continues, as reports surface that the jets are expected to require between 100 and 150 hours of preparation before flying. Yahoo Finance's Scott Gamm delivers the latest from the New York Stock Exchange.
Hormel Foods, United Airlines, Apple, Ford and Amazon are the companies to watch.
The FAA meets on Boeing and investors wonder when the 737 Max grounding will end. With CNBC's Brian Sullivan and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Guy Adami.