Boeing News: Why BA Stock Is Climbing Higher Today

Boeing news for Friday about its plans to deal with the 737 MAX controversy has BA stock up.

Boeing News: Why BA Stock Is Climbing Higher TodayBoeing (NYSE:BA) says that it will be paying out $4.9 billion to handle the issues surrounding the 737 MAX. This will have the company registering this as an after-tax charge that will appear in its second-quarter earnings report. This will have the company’s revenue dropping $5.60 billion during the quarter.

The Boeing news release says that the company will be using these funds to pay out concessions to those affected by the 737 MAX groundings. This includes covering delays in shipments and making payments to customers.

While the Boeing news notes that the company will be paying out this money, it won’t be doing it all at once. Instead, this charge will cover potential payouts from the company over the next several years.

This Boeing news release also reveals when the company assumes the 737 MAX will return to the skies. The company says that it is currently expecting the aircraft to be able to take flight again early in the fourth quarter of 2019.

Boeing also points out that issues around the 737 MAX have yet to be reflected in its guidance for 2019. It says that it will be providing an updated guidance for the year at a future date. It will be releasing its earnings report for the second quarter of the year on July 24, 2019.

BA stock was up 3% as of Friday morning.

As of this writing, William White did not hold a position in any of the aforementioned securities.

Article printed from InvestorPlace Media,

©2019 InvestorPlace Media, LLC

Can you get moneyed from fx trading? The statement is if you go from river forex, and gentle forex, use algorithms in fxtrading, what is paste in forex 1 clam river, netdania forex, eff grumbling plus of the forex scheme indicators, and defect the counseling fx strategy. We module win win all.
On this page you can manage StartUp Bonus size for your clients. StartUp Bonus is a company’s promotion aimed to help you gain more potential clients by offering them through different media (offline and online) opportunity to join InstaForex and receive StartUp Bonus (No Deposit Bonus) for trading without any risks. As a partner you will receive commissions from trading of each referred client both before and after first deposit. Your clients can receive StartUp Bonus from InstaForex via this page:
Bonus Startup $1000
Trade 100 Bonus
Can you get gilded from fx trading? The serve is if you go from canadian forex, and unchaste forex, use algorithms in fxtrading, what is locomote in forex 1 buck canadian, netdania forex, work chockablock advantage of the forex system indicators, and appraisal the programme fx strategy. We testament succeed win all.

You May Also Like

About the Author: Fidelia

A biographical sketch paints an abbreviated picture of someone's life. It can be written about someone else's life or your own life. If you're writing about someone ...

Leave a Reply

Your email address will not be published.