NTSB Schedules 20 Hours Of Hearings Over 2-Days On Alaska Airlines Boeing 737 Max 9 Jan 5 Door Plug Emergency; NTSB Aug. 6-7 Investigating Hearing Will Review FAA Oversight Of Boeing And Spirit AeroSystems
- Reuters Citing Document
- Reuters Citing Document
Company | Date | Price Target | Rating | Analyst |
---|---|---|---|---|
8/5/2024 | $222.00 → $207.00 | Outperform | Bernstein | |
7/24/2024 | $58.00 → $51.00 | Buy | TD Cowen | |
6/20/2024 | Buy → Hold | The Benchmark Company | ||
5/17/2024 | $55.00 | Peer Perform → Outperform | Wolfe Research | |
4/30/2024 | Buy → Hold | Argus | ||
4/19/2024 | $49.00 → $58.00 | Buy | TD Cowen | |
4/17/2024 | $140.00 | Neutral → Sell | Northcoast | |
4/11/2024 | $210.00 → $190.00 | Neutral | BofA Securities |
BEIJING, Aug. 26, 2024 /PRNewswire/ -- China will more than double its commercial airplane fleet by 2043 as its aviation industry expands and modernizes to meet growing demand for passenger and cargo air travel, according to Boeing's (NYSE:BA) 2024 Commercial Market Outlook (CMO) for China, the company's long-term forecast of demand for commercial airplanes and related services. "China's commercial aviation market for passengers and cargo continues to expand, driven by economic growth and airlines building their in-country networks," said Darren Hulst, Boeing vice president of
CHARLOTTE, N.C., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Glatfelter Corporation (NYSE:GLT), and Berry Global Group, Inc. (NYSE:BERY) today announce additional director designees for the board of directors for the combined company. The new directors will be appointed and will begin serving as directors effective upon the closing of the proposed merger of Berry's Health, Hygiene and Specialties Global Nonwovens and Films ("HHNF") business with Glatfelter. As previously disclosed, upon closing of the transaction, the combined company will be renamed Magnera Corporation ("Magnera"). The Magnera board of directors ("Magnera Board") will consist of nine directors, with five directors designated by Be
SEATTLE, Aug. 15, 2024 /PRNewswire/ -- Boeing (NYSE:BA) and EL AL Israel Airlines today confirmed the Israeli flag carrier finalized an agreement for up to 31 737 MAX jets, supporting the airline's plans to renew its fleet of Next-Generation 737 airplanes. "This is a significant milestone for EL AL, which will allow us to offer our customers the most advanced service and technology experience in the industry," said Dina Ben-Tal Ganancia. CEO EL AL Israel Airlines. "The implementation of the long-term procurement plan, which began with the purchase of additional 787 Dreamliners
425 - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
425 - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
8-K - ALASKA AIR GROUP, INC. (0000766421) (Filer)
SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
SC 13G - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - BOEING CO (0000012927) (Issuer)
4 - ALASKA AIR GROUP, INC. (0000766421) (Issuer)
4 - BOEING CO (0000012927) (Issuer)
Bernstein reiterated coverage of Boeing with a rating of Outperform and set a new price target of $207.00 from $222.00 previously
TD Cowen reiterated coverage of Alaska Air with a rating of Buy and set a new price target of $51.00 from $58.00 previously
The Benchmark Company downgraded Spirit Aerosystems from Buy to Hold
Boeing Co (NYSE:BA) was trading lower in premarket Thursday, opening at $179.76 per share. The air carrier has agreed to finalize a guilty plea to a criminal fraud conspiracy charge and pay at least $243.6 million for breaching a 2021 agreement with the U.S. Justice Department. Under the plea agreement, Boeing will invest at least $455 million over three years to enhance safety and compliance programs, a 75% increase from its previous plans. An independent monitor will oversee Boeing's compliance, with annual progress reports and a three-year probation period that could extend if terms are not met, reported Reuters. The plane maker acknowledged allowing potentially risky work at
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
The Boeing Company (NYSE:BA) shares are trading lower on Wednesday. The company is anticipated to release earnings next week on July 31 before the market opens. What To Know: For the 2024 fiscal year second quarter, analysts estimate a loss of $1.76 per share and revenue of $17.26 billion. Boeing stock traded higher on Tuesday, at a price of about $185.17, after Boeing received an order for 20 777-9 planes from Qatar Airlines. Macquaire AirFrance also ordered 20 737-8 MAX jets. In early July, Boeing signed a plea deal with the Department of Justice where it agreed to plead guilty to criminal charges, pay a $243.6 million fine and invest $455 million into its safety and compliance pr
WICHITA, Kan., Aug. 5, 2024 /PRNewswire/ -- Second Quarter 2024 Revenues of $1.5 billionEPS of $(3.56); Adjusted EPS* of $(2.73)Cash used in operations of $566 million; Free cash flow* usage of $597 millionSpirit AeroSystems Holdings, Inc. (NYSE:SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported second quarter 2024 financial results. "This has been a dynamic and eventful period for the company, and I want to extend my gratitude to each employee for their dedication and hard work," said Pat Shanahan, President and Chief Executive Officer, Spirit AeroSystems. "Th
WICHITA, Kan., July 22, 2024 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) will release its second quarter 2024 financial results after the close of the market on Monday, August 5, 2024, which will be published on the Company's website at http://investor.spiritaero.com/. In light of the recent announcement of the merger agreement with The Boeing Company, Spirit has suspended quarterly earnings conference calls. About Spirit AeroSystems, Inc. Spirit AeroSystems is one of the world's largest manufacturers of aerostructures for commercial airplanes, defense platfo
Expected to lead the industry with adjusted pretax margin of 15.8%Achieved a completion rate of 99.5%, among the highest in the industryReached tentative agreement with Alaska flight attendants represented by AFA SEATTLE, July 17, 2024 /PRNewswire/ -- Alaska Air Group (NYSE:ALK) today reported financial results for the second quarter ending June 30, 2024, and provided outlook for the third quarter ending September 30, 2024 and full year 2024. "It's clear that premium airlines are rising above the rest of the industry, and Alaska's product and performance put us in that top tie
ARLINGTON, Va., July 31, 2024 /PRNewswire/ -- Boeing (NYSE:BA) today announced that its Board of Directors has elected Robert K. "Kelly" Ortberg as the company's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing's Board of Directors. He will succeed Dave Calhoun, who earlier this year announced his intention to retire from the company, having served as president and CEO since January 2020, and as a member of Boeing's Board of Directors since 2009. "The Board conducted a thorough and extensive search process over the last several months to select the next CEO of Boeing and Kelly has the right skills and experience to lead Boeing in its nex
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, has appointed Stacy Cozad as senior vice president, general counsel and corporate secretary, effective Aug. 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701071652/en/Stacy Cozad (Photo: Business Wire) In this role, Cozad will have responsibility for Allegion's global legal affairs, trade compliance, enterprise risk management and corporate communications functions. She will succeed Jeff Braun, who has announced plans to retire on Dec. 31, 2024, and will serve as an advisor during the transition. Cozad has nearly 30 years of exper
Enters into Term Sheet for Airbus to Assume Ownership of Certain Airbus Program Assets WICHITA, Kan., July 1, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE:SPR) ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company (NYSE:BA) ("Boeing") will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar described below). At $37.25 per share, this represents an equity value of approximately $4.7 billion and an enterprise value of approximately $8.3 billion including Spirit's last reported net debt. The price of $37.25 per share represents a 30% premium to Spirit's closing stock price of $28.60 on February 29, 2024, the da