Boeing (BA 6.84%) stock soared 6.5% through 10:30 a.m. ET Wednesday morning after positive comments from CFO Brian West encouraged buyers to return to the stock.
Boeing CFO Brian West said on Wednesday the company is concerned about the impact of President Donald Trump's tariffs on the availability of parts from its suppliers.
Boeing's cash burn is easing this quarter, CFO Brian West told an investor conference. The company had a string of losses after two fatal crashes and other safety and quality crises.
Japan Airlines said on Wednesday it plans to buy 17 additional Boeing 737-8 aircraft for its fleet.
If investors want exposure to aerospace in their portfolio, then Boeing (BA -0.22%) is a good place to start. Still, I think there are plenty of other stocks to look at with exposure to the same end markets, and companies like Woodward (WWD 1.39%) and Hexcel (HXL -0.58%) (both Boeing suppliers) spring to mind.
Butch Wilmore and Suni Williams are heading home after about nine months at the International Space Station. The two veteran NASA astronauts were only supposed to be in space for a little more than a week.
Boeing's February airplane deliveries were strong, with 44 planes delivered, indicating a positive trend in production and inventory depletion. Despite fewer orders and cancellations, Boeing's year-to-date net orders and delivery values show significant improvement compared to last year. The book-to-bill ratio is below ideal, but not concerning due to Boeing's substantial backlog and improved delivery system.
Duffy also said the Federal Aviation Administration is not yet ready to lift a 38-plane per month production cap on the 737 MAX.
Emirates CEO Tim Clark says the airline industry is in "uncharted territory" after Donald Trump's tariff policies ignited a global trade war, even with the country's closest allies. "The demand for our services in the next six months or a year are very strong, irrespective of this," he adds.
Twelve people were taken to hospitals after an American Airlines plane landed at Denver International Airport on Thursday and caught fire, prompting slides to be deployed so passengers could evacuate quickly.All of the people transported to hospitals had minor injuries, according to a post on the social platform X by Denver International Airport.Flight 1006, which was headed from the Colorado Springs Airport to Dallas Fort Worth, diverted to Denver and landed safely around 5:15 p.m. after the crew reported engine vibrations, the Federal Aviation Administration said in a statement.While taxiing to the gate, an engine on the Boeing 737-800 caught fire, the FAA added.Photos and videos posted by news outlets showed passengers standing on a plane's wing as smoke surrounded the aircraft.
Boeing on Friday appointed Don Ruhmann as its new chief aerospace safety officer, as the planemaker works to rebuild its reputation amid ongoing challenges.
U.S. planemaker Boeing lost its way and the trust of the American people after a January 2024 mid-air emergency involving a new Boeing 737 MAX and two fatal crashes in 2018 and 2019, Transportation Secretary Sean Duffy said.