By some measures, 2023 was the worst year ever for United Launch Alliance.
You've probably read some not-so-great news about Boeing (BA 0.93%) in the past year or two. There have been product quality issues, such as when a panel of an airplane blew out midflight in early 2024.
United Airlines' share price has more than doubled in 2024, outperforming competitors. The airline benefits from its hub airport structure and has been smart with deploying capacity.
There's money to be made betting on some of 2024's biggest losers, which include Ulta Beauty and Merck.
Boeing (BA) concluded the recent trading session at $177.69, signifying a +0.19% move from its prior day's close.
Boeing CEO Kelly Ortberg has tapped Ann Schmidt to be chief communications and brand officer. It is the latest executive appointment since Ortberg took over as chief executive in August.
Brazilian airline Gol is ending 2024 with "good prospects" for adding capacity to its network, Chief Executive Celso Ferrer told Reuters, as planemaker Boeing delivered new 737 MAX aircraft this month after long delays.
Boeing's (BA 0.17%) announcement of a significant 737 MAX order from Pegasus Airlines is big news. It's a vote of confidence in the airplane and Boeing's ability to deliver it, and it helps highlight the bullish cash for the stock in 2025.
Magellan Aerospace Corporation's stock is currently undervalued despite uncertainties in commercial airplane program production ramp-ups, making it a buy with a price target of $11.68. Sales grew by 4.9% to 223.5 million CAD, with significant profit growth and margin expansion, indicating potential for further improvement as production rates stabilize. Risks include unstable production rates and inflated labor/material costs, but opportunities lie in eventual production rate increases and margin recovery.
With aging fleets pushing airlines to modernize, surging passenger demand, and optimistic financial guidance from carriers, the tailwinds for the US airline industry are undeniable, according to Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW).
Boeing's 2024 estimates have significantly dropped due to 737 MAX issues, 787 supply chain challenges, and production strikes, impacting EBITDA and free cash flow projections. Despite near-term struggles, Boeing offers long-term upside, with potential 20% gains by 2027 if it successfully executes its turnaround strategy. The stock is a buy for patient, long-term investors, but risks include slower-than-expected recovery and mandatory preferred stock conversion impacting share price.
BA secures a contract with Pegasus Airlines for 100 737-10 jets, with options for additional 100 jets.