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American Airlines CEO Talks 737 MAX Delays, Earnings And 2020 Outlook
Thursday, January 23, 2020 - 4:08pm | 468Read More...Shortly after American Airlines Group Inc (NASDAQ: AAL) reported fourth-quarter results Thursday morning, CEO Doug Parker was a guest on CNBC to discuss the quarter and what's next for the airliner. American Airlines reported adjusted quarterly earnings of $1.15 per share, which missed the...
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Wall Street Weighs In On Boeing's Latest 737 Max Delay
Wednesday, January 22, 2020 - 1:32pm | 625Read More...Boeing Co (NYSE: BA) shares took a hit this week following reports that the grounded 737 Max won’t be cleared for flight by regulators until June or July. The new timeline is months later than the company had previously targeted. The 737 Max has been grounded by regulators since March of 2019...
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How 737 Max Delays Are Impacting General Electric
Wednesday, January 22, 2020 - 11:47am | 452Read More...Boeing Co (NYSE: BA) shares are down 4% this week on reports the company has been telling customers its 737 Max likely won’t be cleared to fly until June or July, months later than it had previously expected. While the latest 737 Max delay is bad news for Boeing investors, one analyst said...
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Experts' Review Defends FAA Certification Process That Approved 737 MAX
Friday, January 17, 2020 - 12:06pm | 689Read More...Changes need to be made, but the process the Federal Aviation Administration uses to certify aircraft — including the grounded Boeing 737 MAX — is effective and a significant contributor to the world's safest aviation system, according to a panel of outside safety experts. In a report that is sure...
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New Boeing CEO Tries To Contain 737 MAX Crisis
Tuesday, January 14, 2020 - 11:44am | 1549Read More...David L. Calhoun began his first day as Boeing's new chief executive on Monday with a mandate to get the troubled 737 MAX approved for commercial flight again so the company can resume production and staunch months of financial bleeding. How he manages the crisis will not only impact Boeing Co (...
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Internal Boeing Documents Show Employees Mocked Lion Air's Request For 737 Max Training
Tuesday, January 14, 2020 - 9:53am | 274Read More...Boeing Co (NYSE: BA) shares were trading lower Tuesday in the wake of reports the plane manufacturer deemed a 737 Max simulator training for pilots at Lion Air to be uneccessary in 2017, according to documents the plane manufacturer provided to U.S. lawmakers. Bloomberg...
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Boeing's 737 Max Crisis Could Impact US GDP Growth In 2020: Mnuchin
Monday, January 13, 2020 - 6:33am | 448Read More...Boeing Co.’s (NYSE: BA) 737 Max crisis is affecting the United States economy and could hold back this year’s GDP growth, Treasury Secretary Steve Mnuchin said in a weekend TV appearance. Mnuchin Projects 50-Basis Point Impact The delay of Boeing’s 737 MAX aircraft...
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The Challenges Boeing's New CEO Is Facing
Friday, January 10, 2020 - 3:45pm | 762Read More...Boeing Co (NYSE: BA) Chairman David Calhoun won't be able to fly under the radar once he takes over as CEO at the beleaguered American jet maker Monday. Calhoun will take over the controls from Dennis Muilenburg, who was forced to step down last month in the tumultuous aftermath of two crashes...
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'Designed By Clowns' And 'Supervised By Monkeys': Internal Documents Of Boeing Employees About 737 Max Aircraft
Friday, January 10, 2020 - 5:18am | 583Read More...The Boeing Company (NYSE: BA) on Thursday released internal documents pertaining to employee communications about the 737 Max aircraft between 2013 and 2018, which suggests that the employees deliberately ignored the safety issues with the now-grounded line. What Happened According to the...
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Bank Of America Downgrades Southwest Airlines Amid Boeing Concerns
Wednesday, January 8, 2020 - 1:56pm | 347Read More...Bank of America analysts turned bullish on Southwest Airlines Co (NYSE: LUV) last September, but this call has proven to be too early. The Analyst Andrew Didora downgraded Southwest from Buy to Neutral with a price target lowered from $65 to $60. The Thesis The case for turning bullish on Southwest...
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December's Investor Movement Index Ends 2019 On A HIgh Note
Tuesday, January 7, 2020 - 1:42pm | 777Read More...The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. For the first time since the summer of 2017, TD Ameritrade’s Investor Movement Index (IMX) posted its third consecutive increase to...
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Boeing Internal Investigation Reveals More Design Flaws In Troubled 737 MAX Aircraft
Monday, January 6, 2020 - 3:16am | 473Read More...The Boeing Company's (NYSE: BA) 737 MAX aircraft has more design flaws than previously anticipated, an internal audit conducted by the company has shown. What Happened According to a report by the New York Times on Sunday, an internal audit by Boeing in December found concerns related to wiring...
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What To Make Of Boeing's New Temporary CEO
Tuesday, December 24, 2019 - 11:35am | 431Read More...Boeing Co (NYSE: BA) named Chairman David Calhoun as its new CEO, but he will merely act as a "seat warmer" as the company searches for a "fresh" CEO. Temporary Duties Calhoun will assume the CEO title and oversee the return of the grounded 737 MAX to the skies. FlightGlobal...
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Boeing's Management Shuffle: The Early Reaction
Monday, December 23, 2019 - 2:47pm | 594Read More...Shares of Boeing Co (NYSE: BA) gained more than 2% Monday morning after the airplane manufacturer announced CEO Dennis Muilenburg's immediate resignation. Boeing CFO Greg Smith will serve as interim CEO through Jan. 13, at which point Boeing Chairman David Calhoun will...
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Boeing Ousts CEO Muilenburg As 737 MAX Crisis Worsens
Monday, December 23, 2019 - 1:38pm | 907Read More...The Boeing Co. (NYSE: BA) on Monday said it was replacing CEO Dennis Muilenburg with Chairman David L. Calhoun as the aerospace manufacturer continues to lose money and public trust over its handling of the 737 MAX crisis following two crashes that killed 346 within the past year. Chief Financial...
















