[DiscoverGold]

Boeing $BA falls to lowest price since November 2022
By: Barchart | October 9, 2024

• $BA falls to lowest price since November 2022.



Read Full Story »»»

DiscoverGold

[DiscoverGold]

Today Boeing Company (BA) is the best performer in the DJIA
By: Thom Hartle | October 7, 2024

• Today (8:32 CST), the best performer in the DJIA is Boeing Company. BA.



Read Full Story »»»

DiscoverGold

[DiscoverGold]

Boeing $BA The chart’s primed for a bounce, and next month has been Boeing’s top performer since 2000: 71% win rate, +6.27% average return.
By: TrendSpider | October 4, 2024

• Liftoff approaching? $BA

The chart’s primed for a bounce, and next month has been Boeing’s top performer since 2000:

71% win rate, +6.27% average return.



Read Full Story »»»

DiscoverGold

[DiscoverGold]

Boeing (BA) Over FOUR AND A HALF YEARS of support is at stake
By: TrendSpider | October 5, 2024

• Over FOUR AND A HALF YEARS of support is at stake.

Are you a buyer here on $BA?



Read Full Story »»»

DiscoverGold

[DiscoverGold]

Boeing weighs raising at least $10 billion selling stock
By: Bloomberg News | October 1, 2024

(Reuters) - Boeing is considering raising at least $10 billion by selling new stock, Bloomberg News reported on Tuesday, citing people familiar with the discussions.

The planemaker is working with advisers to explore its options, the report said, adding that raising equity is not likely to happen for at least a month.

Boeing did not immediately respond to Reuters' request for comment. Reuters has not independently verified the report.

The planemaker has been under pressure from slumping production of its strongest-selling 737 MAX jet, after a January incident when a door panel blew off a new model mid-air.

Its finances were further strained after roughly 30,000 Boeing workers represented by the International Association of Machinists and Aerospace Workers in the Seattle and Portland areas walked off the job in September.

Boeing is carrying a heavy debt load of about $60 billion and posted operating cash flow losses of more than $7 billion for the first half of 2024, according to data compiled by LSEG.

The U.S. planemaker had previously signaled it would consider issuing equity as it deals with ongoing safety problems exposed by the January blowout and looming debt maturities.

Industry experts had said Boeing would likely need to raise cash by the end of 2024, with some analysts and investors expecting the company to raise between $10 billion and $12 billion.

Boeing has just under $4.6 billion in bonds and loans coming due by end of 2025, according to data compiled by LSEG.

Shares of the planemaker were down 1.3% in premarket trading.

Read Full Story »»»

DiscoverGold

[Jetmek_03052]

Looks like the big snag in strike negotiations is retirement pensions.

These machinists (keep in mind that I myself was an A&P mechanic working on jets) are being unreasonable. The days of huge pension payouts are over. Huge pensions almost sunk some of the bigger airlines. Boeing realizes that and doesn’t want to suffer the same fate.

Pension payments are a thing of the past. The sooner these guys realize that, the sooner they will be allowed back on the job. They just lost all their health insurance coverage.

I never was a fan of unions and I think the machinists union is in the wrong here. JMO.

[DiscoverGold]

$BA We have landed on the runway
By: TrendSpider | September 29, 2024

• $BA We have landed on the runway.



Read Full Story »»»

DiscoverGold

[Sirpeter]

Thats what counts... nice

[lvhd]

Who cares, made 4K today

[Sirpeter]

Pay raise from 25% to 30% + $6000 bonus is peanuts and likely will be rejected...congrats on today's bump

[lvhd]

Boom

[Sirpeter]

Will see whos right...have a good one

[Jetmek_03052]

Bull.

also there are plenty of other businesses capable of building aircrafts

There's no airline out there that could survive parking the Boeings they fly and then buy other aircraft from other manufacturers. Especially in any type of timeframe needed to allow the airline to continue their scheduled service and survive.

The only other manufacturer that could supplant Boeing aircraft is Airbus. Most of their aircraft already have buyers.

.....Boeing's reputation is in the gutter

The two events that caused a loss of confidence in Boeing were:

1. The Hull and life losses associated with the MAX platform and due to the introduction of the new LEAP engine model and subsequent hardware/software changes in the flight control system. Those issues were studied, and completely solved. The MAX aircraft have had ZERO control issues since the aircraft was put back into service following the hardware/software changes made.

2. The more recent issue that involved the failure of Boeing maintenance crews to put critical safety fasteners in place, while installing a door plug. That door plug subsequently departed the aircraft in flight. However, that incident involved NO loss of life and NO injuries. All other Boeing aircraft were checked for the correct installation of those door plugs and no other faults were found.

There have been many other incidents reported with Boeing aircraft since then, but almost EVERY incident was found to be caused by either pilot error or faulty maintenance performed by personnel employed by individual airlines....NOT Boeing related.

You are not looking at this logically. Boeing will get by this and eventually be fine.

[Sirpeter]

The only way the government could help is to grant them loans...dont expect that to happen soon...their credit rating is about to crumble more ...workers could find jobs with higher pay and benefits elsewhere in this economy...also there are plenty of other businesses capable of building aircrafts...Boeing's reputation is in the gutter...expect to eventually lose your shirt if you're buying shares

[Jetmek_03052]

No. No "magic". Boeing and the machinists union will eventually come to some sort of agreement. A total standoff for a protracted time does neither party any good. In my opinion, they will come to an agreement sooner rather than later and go on from there.

Let's face something here. The majority of most airlines in this country (and many others) use Boeing aircraft. There will be no support for them, if Boeing goes away. Parts will become an issue. Engineering support will become an issue. The entire transportation industry would eventually be crippled.

Never mind the fact that the Aerospace and military sectors rely on Boeing for MANY products.

This government will not allow the current strike to last long or endanger transportation or the survival of Boeing. They will step in if it goes too long. The same way they stepped in and managed the Air Traffic Controllers strike many years ago.

[Sirpeter]

Boeing is in bigger trouble than you guys think...workers will find other jobs and could get more money elsewhere...nobody wants to work there...too many problems

[Sirpeter]

Magic?

[lvhd]

Took a long position today. GLTA

[Jetmek_03052]

Boeing will get through this. Just a matter of time.

[Sirpeter]

Strike just began and new CEO will cut cost...stock may be up for now on some false hope but wont last as the strike wanes

[GolfFishSurf]

Looks like it should drop below $100, yet it is up today. No idea how......


RPT-Strike could cost Boeing $100 million-plus in daily revenue, analysts say
05:30:00 AM ET, 09/17/2024 - Reuters
(Repeats with no changes to text)

By Shivansh Tiwary

Sept 16 (Reuters) - Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday.

The Seattle-area Boeing workers who build the planemaker's most popular 737 MAX and other jets in factories on the U.S. West Coast went on strike after rejecting their first full contract in 16 years last week.

A prolonged strike could cost several billion dollars, fraying the planemaker's already strained finances and threatening a downgrade of its credit rating.

The strike, Boeing's first since 2008, is the latest event in a tumultuous year for the company that began with a January incident when a door panel detached from a new 737 MAX jet mid-air. Shares have lost roughly 40% in value so far this year.

Northcoast Research estimates the total impact of the strike could reach $3 billion or more. "Boeing will most likely remove 33-35 jets from the original production plan, resulting in a loss of $102 million in daily revenue," said Chris Olin, an analyst at Northcoast Research.

New CEO Kelly Ortberg is now confronting a labor-management battle just weeks after he was brought in to restore faith in the planemaker, which is also facing heavy scrutiny from U.S. regulators for its safety practices.

Last week all three major ratings agencies warned that a prolonged strike could cost the company its investment-grade rating. That would increase borrowing costs for Boeing, which already has a $60-billion debt pile.

"We estimate the strike will pare sales by more than 2008's nearly $100 million per day since current volumes are higher," TD Cowen analyst Cai von Rumohr said.

Boeing's finances are already under pressure due to negative free cash flow and poor margins. The planemaker needs to generate sufficient cash flow to meet payments on its debt.

On Monday, Boeing said it was freezing hiring and weighing temporary furloughs to keep costs in check.

Each revenue slip of more than $100 million per day will pare $60 million in cash, since the planemaker receives 60% of a plane's price upon delivery, TD's von Rumohr said.

Jefferies analysts say the strike would amount to a hit of about $1.3 billion in monthly free cash flow.

(Reporting by Shivansh Tiwary and Nathan Gomes in Bengaluru; Additional reporting by Utkarsh Shetti; Editing by Shounak Dasgupta)

[Sirpeter]

Yup eventually

[Jess070283]

Back to $100 IMO. Most people don’t understand the power of this strike movement. It will last for months mark it…

[gfp927z]

>>> Boeing Risks Being Cut to Junk as Strike Hurts Production


Bloomberg

by Julie Johnsson and Olivia Raimonde

September 13, 2024


https://finance.yahoo.com/news/boeing-risk-being-cut-junk-163804703.html


(Bloomberg) -- Boeing Co. is at risk of losing its investment-grade credit rating as the embattled planemaker faces the prospect of a drawn-out strike by workers that will further disrupt production and cash flow.

The credit score on Boeing’s unsecured debt has stood at Baa3 with Moody’s Ratings since April. Moody’s said in a statement on Friday that it’s reviewing the ratings for a possible downgrade and that it “will assess the strike’s duration and impact on cash flow and the potential equity capital raising Boeing may undertake to bolster its liquidity.”

Boeing has been fighting to hang on to its investment-grade rating, a mission that’s now been complicated by the strike called by workers overnight. The company has more than $45 billion in net debt and has been bleeding cash after it was forced to pare back output in the wake of a near catastrophic accident in January.

A descent into junk territory would increase Boeing’s borrowing costs at a time when it’s struggling to turn around its commercial and defense operations. Boeing has also been losing money on some defense contracts, and its space business has been dogged by delays and cost overruns. The company has $4 billion of debt coming due in 2025 and also $8 billion coming due in 2026, according to Moody’s.

There are other financial consequences to a junk downgrade, such as a smaller pool of investors willing to buy a company’s debt. Two credit graders must lower a company to speculative grade before its debt leaves the investment-grade index and is no longer considered high grade.

Chief Financial Officer Brian West told analysts at a Morgan Stanley conference on Friday that the company will consider necessary steps to shore up its balance sheet. The planemaker is evaluating its capital structure to ensure it can meet its upcoming debt payment over the next 18 months, he said.

“We remain committed to manage the balance sheet prudently,” West said at a conference. “We want to prioritize the investment grade credit rating.”

About 33,000 workers at Boeing’s main sites in the Seattle area voted last night to reject a new labor accord and go on strike. Boeing has said it’s willing to get back to the negotiating table, after offering a 25% pay increase alongside other sweeteners. It’s unclear how long and disruptive a strike might be, and the union leadership has also said it’s willing to resume talks.

Fitch Ratings also said on Friday that Boeing’s investment-grade rating has “limited headroom for a strike.” Like Moody’s, Fitch has Boeing on the lowest rung above speculative grade. The same applies for Standard & Poor’s, which rates Boeing at BBB-.

<<<



---

[Sirpeter]

Boeing is about to crash...union strike will bring them down...bought puts today

[User-700991]

When does the DOW kick them out?
For bringing the whole index down

[noradio]

Seems like every time you say that it's followed by another leg down.

[DiscoverGold]

Boeing Forecasts China Plane Fleet to Double by 2043
By: MT Newswires | August 27, 2024

Boeing BA said late Monday that it expects China's commercial airplane fleet to more than double by 2043 to meet rising demand.

China's fleet will grow at a 4.1% annual rate, from 4,345 to 9,740 airplanes, by 2043, Boeing said, citing its 2024 Commercial Market Outlook for China report.

Annual passenger traffic will grow 5.9%, outpacing the global average of 4.7%, the company said.

Boeing said China will account for the world's largest traffic flow and will have the world's largest fleet of widebody jets as its freighter fleet triples.

Read Full Story »»»

DiscoverGold

[DiscoverGold]

Boeing Faces Near-Term Risks From Upcoming Union Labor Contract Expiration
By: MT Newswires | August 22, 2024

Boeing BA faces potential near-term risks from the upcoming expiration of the union labor contract with 32,000 IAM 751 members on Sept. 13, UBS said in a note Thursday.

In the event of a strike, UBS outlines three potential scenarios, with the worst-case scenario involving an over two-month-long strike, potentially halting deliveries of key aircraft models like the Max, 777, and 767, leading to severe financial repercussions.

A failure to reach an agreement could lead to a strike, significantly impacting aircraft deliveries and creating an $8 billion cash flow headwind, the investment firm said.

Boeing's free cash flow estimates for 2024 to 2028 could be affected by wage increases, with an up to 6% potential impact depending on the scale of union wage increases, ranging from a 14% step-up to a 40% step-up, UBS said.

Despite these risks, UBS notes that even if a strike does not occur, Boeing will likely still face higher wage costs, leading to an estimated $1 billion increase in annual union wages by the end of the decade.

UBS had a buy rating for Boeing with a price target of $240.

Read Full Story »»»

DiscoverGold

[Jetmek_03052]

That’s why test flights and subsequent inspections are done. To discover any structural or aerodynamic issues that might arise, and then make changes to the product before it goes into full production and service.

[DiscoverGold]

$BA pauses flight tests for its 777x jet after discovering cracks in key part
By: Barchart | August 20, 2024

BREAKING 🚨: Boeing$BA pauses flight tests for its 777x jet after discovering cracks in key part pic.twitter.com/yyEIo9ZYGP

— Barchart (@Barchart) August 20, 2024

Read Full Story »»»

DiscoverGold

[bar1080]

Yes, Indeed: "EL AL Israel Airlines Finalizes Order for up to 31 Boeing 737 MAX Jets."

[DiscoverGold]

Boeing Signs 737 MAX Deal Worth Up To $2.5 Billion
By: Barron's | August 15, 2024

There was a bit of good news for Boeing first thing Thursday. The troubled airplane manufacturer has secured a new aircraft deal with Israel's El Al Airlines worth as much as $2.5 billion, it said on Thursday.

The order includes up to 31 737 MAX aircraft, which would replace the flag carrier's current all-Boeing fleet of 737-800 and 737-900.

The agreement is for the purchase of 20 737 MAX airliners for $1.5 billion as well as options for 11 more and delivery could take place as early as 2027.

Boeing shares were rising 0.7% at $169.6 in the Thursday premarket. Shares in the Tel Aviv-listed airline fell 0.6% in midmorning trading in Israel.

Boeing has grappled with quality and production challenges lately. It has been heavily scrutinized since an emergency door blew out on an Alaska Air 737 MAX nine jet while it was in air in January. The stock has lost about 35% of its value since the beginning of this year.

Read Full Story »»»

DiscoverGold

[Jetmek_03052]

Boeing looking stronger.

[DiscoverGold]

Boeing Delivers 43 Airplanes in July As Production Recovers
By: News Wires | August 13, 2024

Boeing delivered 43 airplanes in July, a second straight relatively solid month for the jet maker as it works to ramp up production amid supply-chain glitches and in the wake of January's Alaska Airlines door-plug blowout. That total included 32 737 jets, three fewer than Boeing delivered in June but higher than earlier in the year when it was delivering between 15 and 25 narrowbodies per month. Deliveries included six 787s, four 767s and one 777 freighter. Boeing's backlog is now 5,477, down from 5,506 at the end of June.([e-mail])

Read Full Story »»»

DiscoverGold