Boeing’s Newest Jet Is Delayed. Other Issues Are More Important.

Barrons2021-06-28

The commercial aerospace giant Boeing got a bit of bad news about its latest 777 jet, the 777X. The Federal Aviation Administration told the company recently the jet likely won’t be approved for ...

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Comments

Stevalv
2021-06-29
Stevalv
Buy
SPOT_ON
2021-06-29
SPOT_ON
Roger
LionKingAir
2021-06-29
LionKingAir
Noted
- RAMA:
  OK
KennethHi
2021-06-29
KennethHi
great !
Popcornn
2021-06-29
Popcornn
Wow
aplastikbag
2021-06-29
aplastikbag
Well...they manufacture planes. It goes ? itgoes ? just like their stocks lol...

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Other Issues Are More Important.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/faa-delay-boeing-777x-jet-stock-51624889202?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The commercial aerospace giant Boeing got a bit of bad news about its latest 777 jet, the 777X. The Federal Aviation Administration told the company recently the jet likely won’t be approved for ...</p>\n\n<a href=\"https://www.barrons.com/articles/faa-delay-boeing-777x-jet-stock-51624889202?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BA","symbol_name":"波音","start_time":0,"source_url":"https://www.barrons.com/articles/faa-delay-boeing-777x-jet-stock-51624889202?mod=hp_LATEST","article_id":"1184667820","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184667820","pubTimestamp":1624890163,"sourceInfo":{"source_id":"lsy1601382232898","name":"Barrons"},"weMediaInfo":null,"summary":"The commercial aerospace giant Boeing got a bit of bad news about its latest 777 jet, the 777X. The ","collect":0,"end_time":0,"defaultTopTitle":"barrons.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BA":"波音"},"translate_title":"波音最新的喷气式飞机延误了。其他问题更为重要。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BA":0.9},"content_text":"The commercial aerospace giant Boeing got a bit of bad news about its latest 777 jet, the 777X. The Federal Aviation Administration told the company recently the jet likely won’t be approved for commercial service until mid-2023.\nThat timeline, contained in a May letter from the regulator to the company, is longer than investors might have expected, but it isn’t actually all that bad for the stock. Boeing didn’t immediately reply to a request for comment.\nThe 777X took its maiden test flight back in January 2020. That might have put it on track to be approved by mid-2021, based on the way the industry worked a few years ago. Consider that the 737 MAX jet took its initial flight in early 2016 and was approved for service about 14 months later. Deliveries began around mid-2017.\nBut the MAX, of course, was grounded in March 2019 following two deadly crashes within five months. It took 20-plus months of design modifications, additional testing, and regulatory oversight, for Boeing to win permission for the jet to carry passengers again.\nThe MAX situation caused changes at Boeing, including new safety committees, as well as alterations to the FAA’s oversight process. Those shifts could be stretching out the approval process for new planes. The pandemic probably didn’t help the 777x approval timeline either.\nRegardless of the reasons, the approval process has been slow. Boeing investors aren’t thrilled with news of the delay, although deliveries of MAX jets and the recovery of the commercial aerospace business are bigger concerns. Shares were down about 2.8% at $241.56 in early trading, while the S&P 500 and Dow Jones Industrial Average were nearly flat.\nVertical Research Partners analyst Rob Stallard summed up all of the positives and negatives for Boeing in a Monday report. The 777X delay is a regulatory problem, but it is only one of three he mentioned. China, for instance, hasn’t reapproved the 737 MAX yet, and the 787 still faces some reviews.\nOn the positive side of the equation, new orders for the 737 MAX are starting to come in. He expects United Airlines(UAL) to announce an order for about 100 MAX jets in coming days.\nThe “roller coaster ride continues” for Boeing stock, he said, noting that “this week’s events probably don’t have an immediate impact on our numbers.” His target price for Boeing stock remains $242 a share. He rates shares at Hold.\nStallard is a little more bearish than his peers. Overall, about 57% of analysts covering the stock rate the shares at Buy. The average Buy-rating ratio for stocks in the S&P 500 is about 55%. The averageprice targetamong analysts is about $267.\nThe biggest issue facing the entire commercial aerospace industry is postpandemic demand. June 2021 U.S. commercial air travel is down roughly 25% compared with 2019 levels. But it is up almost 300% compared with June 2020.\nThings are slowly getting better for the industry. United Airlines, for instance, said Monday it expects a profit in July. It would be the airline’s first monthly profit since January 2020.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":150523544,"gmtCreate":1624922317088,"gmtModify":1703847800571,"author":{"id":"3582163380710305","authorId":"3582163380710305","name":"Stevalv","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Buy","listText":"Buy","text":"Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150523544","repostId":1184667820,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150249516,"gmtCreate":1624917872435,"gmtModify":1703847685234,"author":{"id":"3582922989777578","authorId":"3582922989777578","name":"SPOT_ON","avatar":"https://static.tigerbbs.com/080f029371339d9db26930961de6adb1","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":4,"crmLevelSwitch":1},"htmlText":"Roger&nbsp;","listText":"Roger&nbsp;","text":"Roger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150249516","repostId":1184667820,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150223920,"gmtCreate":1624915146560,"gmtModify":1703847657262,"author":{"id":"3582891836402828","authorId":"3582891836402828","name":"LionKingAir","avatar":"https://static.tigerbbs.com/94f60573baa578de19304c643193dad9","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150223920","repostId":1184667820,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5058302,"gmtCreate":1624915947826,"gmtModify":1663230224071,"authorId":3579812664530236,"author":{"id":3579812664530236,"authorId":3579812664530236,"name":"RAMA","avatar":"https://static.tigerbbs.com/767f54a66ea074248d8e9bba9e219fce","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":150223920,"type":1,"supId":0,"prevId":0,"content":"OK ","text":"OK ","html":"OK "}],"langContent":"EN"},{"id":150267085,"gmtCreate":1624914560447,"gmtModify":1703847653022,"author":{"id":"3574767847289890","authorId":"3574767847289890","name":"KennethHi","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"great !","listText":"great !","text":"great !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150267085","repostId":1184667820,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150213129,"gmtCreate":1624904700861,"gmtModify":1703847614587,"author":{"id":"3574394359789498","authorId":"3574394359789498","name":"Popcornn","avatar":"https://static.tigerbbs.com/a9963e628c84bc7aa6308556a38d7360","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150213129","repostId":1184667820,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":150231567,"gmtCreate":1624902971259,"gmtModify":1703847602244,"author":{"id":"3581676233465787","authorId":"3581676233465787","name":"aplastikbag","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Well...they manufacture planes. It&nbsp;goes ? itgoes ? just like their stocks lol...","listText":"Well...they manufacture planes. It&nbsp;goes ? itgoes ? just like their stocks lol...","text":"Well...they manufacture planes. It goes ? itgoes ? just like their stocks lol...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150231567","repostId":1184667820,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":95,"commentSize":22,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1184667820"}