Boeing Stock Price, News & Analysis

Boeing (NYSE: BA) and Ethiopian Airlines have announced an order for five additional 777 Freighters, enhancing Ethiopian's all-Boeing freighter fleet. This order, not yet listed on Boeing's orders and deliveries website, underscores Ethiopian Airlines' commitment to expanding its cargo capacity amid growing demand. The 777 Freighter boasts 17% lower fuel use and emissions compared to its predecessors, facilitating improved efficiency. Boeing's freighter fleet positions Ethiopian as Africa's largest cargo operator, servicing 66 dedicated cargo centers worldwide.

Boeing President and CEO Dave Calhoun will present at the Bernstein Strategic Decisions Conference on June 3 at 8:00 a.m. ET. This event marks an opportunity for investors and stakeholders to gain insights directly from leadership. A live broadcast will be available through the provided link, and attendees are encouraged to check the website beforehand for access. For further inquiries, Boeing's Investor Relations can be contacted at 312-544-2140, and media inquiries through media@boeing.com.

Boeing (NYSE: BA) and International Airlines Group (IAG) have finalized an order for up to 150 aircraft, including 50 737-8-200s and 737-10s, plus 100 options. This order is part of IAG's short-haul fleet renewal strategy, focusing on sustainability and efficiency to achieve net zero carbon emissions by 2050. The new models promise increased seating capacity and reduced fuel consumption, supporting IAG’s network recovery and growth. The deal follows a commitment made by IAG at the 2019 Paris Air Show and requires shareholder approval.

Boeing (BA) and the Lufthansa Group have announced an order for seven 777-8 Freighters, enhancing Lufthansa Cargo's capabilities. This order is part of a broader strategy to modernize Lufthansa's fleet, which includes an additional two 777 Freighters and seven 787-9 Dreamliners, bringing the total to 32 787s. The 777-8 Freighter, highly fuel-efficient and low-emission, is set to replace aging freighters. This investment aims to reduce operating costs and emphasize sustainability. The first delivery of the 777-8 Freighter is expected in 2027.

Boeing Executive Vice President and Chief Financial Officer Brian West is scheduled to speak at the Goldman Sachs Industrials and Materials Conference on May 11, 2022, at 9:40 a.m. ET. This presentation will provide insights into Boeing’s financial strategies and outlook. Interested individuals can access the live broadcast through the provided link. Participants are encouraged to check the website beforehand to ensure access to the audio stream.

Boeing [NYSE: BA] has announced its new global headquarters will be in Northern Virginia, strategically located near customers and engineering talent. This move includes establishing a research and technology hub focused on innovations in cyber security, autonomous operations, and quantum sciences. The company, which employs over 140,000 people, plans to reduce office space requirements in Chicago while investing in critical manufacturing and engineering facilities. Boeing continues to maintain its presence in various states for its business units, including Commercial Airplanes in Seattle and Global Services in Plano.

Boeing Capital Corporation's 2022 Commercial Aircraft Financing Market Outlook indicates a recovering aviation industry post-pandemic, with a focus on improving financing stability.

Highlights include that all Boeing deliveries were financed by third parties, with key funding sources being cash and capital markets. Secured debt for lessors has rebounded to pre-pandemic levels, with the ABS market reaching approximately $8.7 billion. Institutional investors are increasingly seeking aviation exposure, and export credit financing contributed 5% of total funding. Long-term demand for over 43,500 new airplanes valued at $7.2 trillion is projected through 2040.

Boeing reported first-quarter 2022 revenues of $14.0 billion, an 8% decrease from 2021, with a GAAP loss per share of ($2.06) and core loss per share of ($2.75). The operating cash flow was ($3.2 billion), and the total backlog reached $371 billion. Despite challenges, including charges from the war in Ukraine and defense program impacts, Boeing increased its 737 production and deliveries, expecting positive cash flow for the year. The launch of the 777-8 Freighter is noted, with 777-9 deliveries expected in 2025.