Latest news with #737Max10
Business Insider
31-05-2025
- Business
- Business Insider
A New Assembly Line at Everett? Boeing Stock (NYSE:BA) Slips as Expansion Considered
We know that aerospace stock Boeing (BA) has been struggling to get its production back up to snuff, even to hit the limits established by the Federal Aviation Administration (FAA). But Boeing might be on track to get its production back up and running full-tilt, and a new expansion could be proof of that. The news did not sit well with shareholders, though, as share prices slipped fractionally in Friday afternoon's trading. Confident Investing Starts Here: Boeing wants to get its numbers back up, particularly as the Chinese market is coming back online and offering up a potential new gold mine of orders for Boeing. In fact, Kelly Ortberg—Boeing's CEO—recently noted that the Everett plant may get an entire production line for the 737 Max 10 jet. The interesting part about this is that the jet in question has not yet been certified by the FAA for use, despite efforts to get it to that point. Boeing has had plans to ramp up the new Max production capabilities in the works since 2023, reports noted, but the plans have not yet been made concrete. With this new line, it represents a huge step forward and the very real possibility of the Max 10's certification soon. After all, why set up a production line for a plane you are not allowed to build by law? Another DEI Shutdown Meanwhile, Boeing also pared back a diversity, equity and inclusion (DEI) program, which works to bring it toward a goal of '…ensur(ing) compliance with the law.' Boeing shut down both events and funding for two programs: diversity councils and business resource groups. Boeing has nine such groups within its operations, serving as 'affinity groups,' or groups that worked '…connect and develop individuals with a common interest or identity, including race and gender.' It is worth noting that these groups are apparently 'open to all workers,' though one wonders how those workers who are not in line with the affinity group in question are treated. Boeing has already shuttered its entire DEI department as far back as November, and its head ultimately left Boeing altogether. Is Boeing a Good Stock to Buy Right Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on BA stock based on 15 Buys, four Holds and one Sell assigned in the past three months, as indicated by the graphic below. After a 17.21% rally in its share price over the past year, the average BA price target of $213.37 per share implies 3.34% upside potential.
Business Mayor
20-05-2025
- Business
- Business Mayor
Ryanair banks on fare increases as Boeing delays crimp capacity
Ryanair expects air fares to increase this year following a dip in 2024 as delayed aircraft deliveries hinders expansion of its fleet. Fares fell 7 per cent on average during its last financial year, leaving the airline's profits trailing 2023's by 16 per cent at €1.61 billion, Ryanair said on Monday. Holdups in the delivery of the last of the 210 Boeing 737 game-changer jets that it has ordered will limit the growth of its fleet, and thus the number of extra seats it will have available this summer. Consequently, chief executive Michael O'Leary expects the airline to recover most of 2024's 7 per cent slide in fares in the coming months. 'At the moment, we think it is about 5 or 6 per cent that we will get back,' he said after the airline published financial results on Monday. [ Ryanair sees full year profits fall 16% to €1.6bn despite carrying record passengers ] Mr O'Leary cautioned that a lot would depend on the final 'close-in' 10 per cent of bookings, for which passengers pay higher fares, boosting the airline's earnings. The opening weeks of Ryanair's current financial year – the last one ended on March 31st – have been good, with prices up 14 to 15 per cent on the same time in 2024. However, Easter fell in late April this year, while the holiday weekend began in the final days of March in 2024, so part of the benefit was counted in the previous financial year. Ryanair carried a record 200.2 million passengers in the 12 months ended March 31st, a 9 per cent increase on the previous financial year. Mr O'Leary calculated that the carrier would fly six million more people in the current year, an increase of 3 per cent, against the 6 to 7 per cent it would expect normally. However, he expects normal momentum to resume from next year, as Ryanair will receive 29 new aircraft from Boeing in the autumn. That will be the last of an order of 210 game-changer aircraft, it already has 181 in its fleet of 618 Boeing 737s. The airline hopes to begin taking delivery of the first of a different model, the 737 Max 10, on time for summer 2027. Ryanair has firm orders for 150 of these jets. 'We will be the only airline in Europe adding any meaningful capacity in '27, '28 and '29,' Mr O'Leary predicted. Many European carriers have reined in growth since the pandemic's end in 2021. Meanwhile, leading manufacturers Boeing and Airbus have struggled to keep up with orders for new planes since 2019, limiting supply even as demand for flying continues to grow. Mr O'Leary repeated calls for reforms of Europe's air traffic control systems, which he warned would continue to cause delays this summer. Closer to home, he argued that it was time for the Government 'with its 20-seat majority' to pass legislation lifting the 32 million a year limit on passengers at Dublin Airport. Legal action by Ryanair, Aer Lingus and others has suspended the limit's implementation, but the condition, imposed by planners in 2007, remains in place. Read More The 10 Most Watchable TV Shows of 2023 The Coalition pledged to lift it in its programme for Government. Mr O'Leary said that it was now 'time for action'.
Irish Times
20-05-2025
- Business
- Irish Times
Ryanair banks on fare increases as Boeing delays crimp capacity
Ryanair expects air fares to increase this year following a dip in 2024 as delayed aircraft deliveries hinders expansion of its fleet. Fares fell 7 per cent on average during its last financial year, leaving the airline's profits trailing 2023's by 16 per cent at €1.61 billion, Ryanair said on Monday. Holdups in the delivery of the last of the 210 Boeing 737 game-changer jets that it has ordered will limit the growth of its fleet, and thus the number of extra seats it will have available this summer. Consequently, chief executive Michael O'Leary expects the airline to recover most of 2024's 7 per cent slide in fares in the coming months. READ MORE 'At the moment, we think it is about 5 or 6 per cent that we will get back,' he said after the airline published financial results on Monday. [ Ryanair sees full year profits fall 16% to €1.6bn despite carrying record passengers Opens in new window ] Mr O'Leary cautioned that a lot would depend on the final 'close-in' 10 per cent of bookings, for which passengers pay higher fares, boosting the airline's earnings. The opening weeks of Ryanair's current financial year – the last one ended on March 31st – have been good, with prices up 14 to 15 per cent on the same time in 2024. However, Easter fell in late April this year, while the holiday weekend began in the final days of March in 2024, so part of the benefit was counted in the previous financial year. Ryanair carried a record 200.2 million passengers in the 12 months ended March 31st, a 9 per cent increase on the previous financial year. Mr O'Leary calculated that the carrier would fly six million more people in the current year, an increase of 3 per cent, against the 6 to 7 per cent it would expect normally. However, he expects normal momentum to resume from next year, as Ryanair will receive 29 new aircraft from Boeing in the autumn. 'I've entrepreneurial spirit in my veins' – Apprentice star Jordan Dargan Listen | 44:45 That will be the last of an order of 210 game-changer aircraft, it already has 181 in its fleet of 618 Boeing 737s. The airline hopes to begin taking delivery of the first of a different model, the 737 Max 10, on time for summer 2027. Ryanair has firm orders for 150 of these jets. 'We will be the only airline in Europe adding any meaningful capacity in '27, '28 and '29,' Mr O'Leary predicted. Many European carriers have reined in growth since the pandemic's end in 2021. Meanwhile, leading manufacturers Boeing and Airbus have struggled to keep up with orders for new planes since 2019, limiting supply even as demand for flying continues to grow. Mr O'Leary repeated calls for reforms of Europe's air traffic control systems, which he warned would continue to cause delays this summer. Closer to home, he argued that it was time for the Government 'with its 20-seat majority' to pass legislation lifting the 32 million a year limit on passengers at Dublin Airport. Legal action by Ryanair, Aer Lingus and others has suspended the limit's implementation, but the condition, imposed by planners in 2007, remains in place. The Coalition pledged to lift it in its programme for Government. Mr O'Leary said that it was now 'time for action'.
Bloomberg
21-02-2025
- Business
- Bloomberg
TUI ‘Urgently' Needs New Boeing Jets as Delays Hit Profitability
TUI AG said Boeing Co. delivery delays are hurting profitability, as the German travel firm plans to expand in eastern Europe and southeast Asia. Among the delayed aircraft is Boeing's new 737 Max 10 model, which is yet to be certified. The single-aisle jet will offer 30 more seats that would give TUI a cost advantage, Chief Executive Officer Sebastian Ebel said Friday.
