Boeing Co's bill for the 737 MAX grounding could balloon to more than $25 b...
) bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after the U.S. planemaker warned of further delay in returning its once best-selling jet to service.
The company has already booked $9 billion in costs related to the grounding, including $5.6 billion as compensation for airline customers and $3.6 billion in charges to cover additional production costs. “Our estimates assume 737 MAX deliveries restart in Q3 2020,” Kahyaoglu said, lowering the brokerage’s price target on the stock to $390 from $420.
Added to the delay, weak Chinese demand for its widebody 787 Dreamliners as well as production problems with its new 777X jetliner have also made investors jittery, Vertical Research analyst Robert Stallard said, downgrading the stock to “hold” from “buy” and lowering his target price to $294 from $388.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Boeing seeks to borrow $10 billion or more amid 737 MAX crisis: sourceBoeing Co is in talks with banks about borrowing $10 billion or more amid rising...
Weiterlesen »
Boeing says 737 Max won't be approved to fly again until mid-2020Boeing executives say the 737 Max will not be approved to fly until the middle of this year, the company said Tuesday.
Weiterlesen »
Boeing expects 737 Max to remain grounded several more monthsThe new timeline means the 737 Max would miss at least part of the summer travel season, adding to the compensation that Boeing is likely to pay airlines.
Weiterlesen »
Boeing warns of new 737 MAX delay, now sees mid-year return to serviceBoeing Co said on Tuesday it does not expect to win approval for the return of t...
Weiterlesen »
Boeing says it doesn't expect to get approval from regulators for 737 Max until 'mid-2020'
Weiterlesen »