August 2, 2024
“Boeing reported a bigger loss and weaker revenue than analysts expected for the second quarter. Both the company’s commercial and defense units have been challenged by programs running behind schedule and higher-than-expected costs. The company is under increased federal scrutiny… Continue Reading…
July 8, 2024
“Boeing said Monday that it will buy back its struggling fuselage maker Spirit AeroSystems in an all-stock deal that the plane maker has said will improve safety and quality control. It said it agreed to pay $37.25 a share in Boeing stock for… Continue Reading…
May 3, 2024
“A whistleblower who accused Boeing of ignoring safety flaws in the 737 MAX airplanes has died. Joshua Dean, a former Spirit AeroSystems quality auditor, claimed he was fired for flagging concerns about lax standards at the company’s manufacturing plant in… Continue Reading…
April 22, 2024
“United Airlines shares surged more than 17% Wednesday to a seven-month high after the carrier forecast second-quarter earnings well ahead of Wall Street estimates despite ongoing delivery delays from Boeing. The airline expects to post earnings of between $3.75 and $4.25… Continue Reading…
April 19, 2024
“A Boeing engineer-turned-whistleblower who contends that the aerospace giant’s 787 Dreamliner is unsafe to fly due to assembly flaws doubled down on his claims Tuesday, saying that the plane could fall apart and “drop to the ground” midflight unless the… Continue Reading…
April 17, 2024
“Boeing stock continues to be weak for a litany of reasons. Boeing stock has been under pressure all year following an emergency door plug blowout on a 737 MAX 9 jet operated by Alaska Air Group on Jan 5. The… Continue Reading…
March 28, 2024
“Boeing’s BA -0.05%decrease; red down pointing triangle biggest U.S. customers are taking their frustrations directly to its board of directors. A group of airline chiefs recently requested a meeting with Boeing’s board to express concern over the Alaska Airlines accident and production problems… Continue Reading…
March 27, 2024
“…The departures come as airlines and regulators have been increasing calls for major changes at the company after a host of quality and manufacturing flaws on Boeing planes. Scrutiny intensified after a Jan. 5 accident, when a door plug blew out… Continue Reading…
March 13, 2024
“…General Electric’s aerospace business on Thursday forecast operating profit of about $10 billion in 2028 on robust demand for its products and services, and said it was targeting an initial dividend payout at 30% of net income… GE’s shares were… Continue Reading…
Business
“THREE Boeing crashes in two days: Terrified passengers scramble to escape burning jet in Senegal and tyre explodes on 737 landing in Turkey – 24 hours after nose gear failure caused 767 to slam into runway” [Commentary]
May 13, 2024
https://www.dailymail.co.uk/news/article-13399941/THREE-Boeing-crash-landings-two-days-Terrified-passengers-scramble-escape-burning-jet-Senegal-tyre-explodes-737-landing-Turkey-24-hours-nose-gear-failure-caused-767-slam-runway.html The headline basically tells the story. While these events are tragic this volatility is great for day trading. Day traders might want to take advantage while they can.
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