Beijing is willing to support normal business cooperation with American firms, China's commerce ministry said, coming days after Chinese airlines were ordered to stop taking delivery of Boeing aircraft.
Boeing stock is rising over 2% on a day when the rest of the stock market is stuck in reverse.
Investors interested in BA stock should wait for a better entry point, considering its poor ROIC and dismal performance at the bourses.
Boeing Co (NYSE:BA, ETR:BCO) and Airbus Group (EPA:AIR) shares rose after the pair agreeing to carve up Spirit AeroSystems, splitting key assets of the struggling aerospace supplier between them. Under the agreement, Boeing will buy back Spirit's US-focused operations – which it spun off two decades ago – for $4.7 billion in stock, while Airbus will absorb loss-making European activities, both companies said on Monday.
Boeing Co (NYSE:BA ) is up 2.3% at $182.09 this afternoon, after Bernstein upgraded the stock to "outperform" from "market perform.
Boeing Co. NYSE: BA has been on a journey of redemption since emerging from the International Association of Machinists and Aerospace Workers (IAM) union strike in November 2024, and it's been gaining traction. The aerospace sector giant has been fending off every obstacle and public relations challenge placed in front of it.
Alaska Airlines CEO Ben Minicucci discusses improvement he has seen with Boeing aircraft deliveries and performance.
BA's Q1 revenues of $19.50 billion outpace the Zacks Consensus Estimate by 1.1% and increase 17.7% year over year.
Boeing's Q1 earnings exceeded expectations despite a revenue miss, with a significant improvement in operating profit and EPS compared to last year. Boeing Commercial Airplanes saw a 57% increase in deliveries, but the 737 MAX program continues to face margin pressure, expected to last up to three years. Boeing's net debt increased to $29.9 billion, but production rate increases and inventory deliveries are expected to improve cash flow and reduce debt by 2026.
Uncertainty over tariffs and an unpredictable trade war is weighing heavily on companies as they report their latest financial results and try to give investors financial forecasts.Some tariffs remain in place against key U.S. trading partners, but others have been postponed to give nations time to negotiate. The tariff and trade picture has been shifting for months, sometimes changing drastically on a daily basis.
Boeing must sell 50 planes originally intended for China due to trade war challenges. The Chinese planes are worth more than $1 billion in revenue for Boeing.
Boeing CEO Kelly Ortberg says the aerospace giant will look to protect its turnaround efforts amid the ongoing trade tensions between the U.S. and trading partners like China.