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Jeju Air crash: Boeing falls 4% in premarket as South Korea orders B737-800 inspection
CNBC· 2024-12-30 11:14
Group 1 - The South Korean government has ordered an emergency safety inspection of the entire airline operation system following a deadly crash involving Jeju Air Flight 2216, which resulted in 179 fatalities out of 181 passengers on board [1][3] - The crash occurred when the aircraft landed without the landing gear deployed, skidded off the runway, and collided with an exterior wall before catching fire [3][4] - Boeing shares experienced a decline of nearly 5% in premarket trading due to the crash and subsequent inspection orders for all B737-800 aircraft, the model involved in the incident [4][3] Group 2 - The pilot of the crashed aircraft reported a "bird strike" shortly after a warning was issued by the airport's control tower regarding bird activity, and also declared a "Mayday" during an aborted landing attempt [5][1] - The U.S. National Transportation Safety Board is leading an investigation into the crash, collaborating with South Korean authorities and Boeing [1][3]
Boeing shares fall after Korean plane crash
Proactiveinvestors NA· 2024-12-30 09:51
Core Insights - The content emphasizes the expertise of Proactive in medium and small-cap markets while also covering blue-chip companies and broader investment narratives [2] - Proactive's news team operates globally, providing fast and actionable business and finance news to a diverse investment audience [7] Group 1: Company Overview - Proactive has a strong focus on technology adoption, utilizing automation and software tools, including generative AI, while ensuring all content is human-edited [3][6] - The company has a dedicated news team that spans key financial hubs worldwide, including London, New York, Toronto, Vancouver, Sydney, and Perth [5] Group 2: Content and Expertise - Proactive delivers news and insights across various sectors, including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [8] - The team comprises experienced journalists with decades of expertise, enhancing their content production with advanced technologies [9]
24小时内三起客机事故,波音公司最新回应
Cai Lian She· 2024-12-29 10:57AI Processing
财联社12月29日讯,过去的24小时之内,韩国、挪威、加拿大三地接连发生客机事故。 据央视新闻报道,当地时间12月29日9时7分左右,一架正在着陆的飞机在韩国全罗南道的务安国际机场 偏离跑道,撞上了围栏外墙,随后客机起火。经确认,发生事故的航班的机型是美国波音公司的737- 800,于2009年8月出厂,飞机机龄15年。 美国波音公司12月29日在社交媒体上发文表示,该公司正就发生在韩国务安机场的客机事故与济州航空 保持联系,并向遇难者家属表示慰问。 荷航客机在挪威紧急迫降 机上人员全部安全 韩国客机碰撞起火事故已致177人死亡 截止发稿,韩国国土部在记者会上表示,事故已确认177人死亡,2人失踪,2人获救。 当地时间28日晚,一架客机在加拿大哈利法克斯国际机场着陆时部分机身起火,该机场因此暂时关闭。 据报道,机场发表声明称,事件发生在当地时间28日晚9时30分左右,事故所涉航班由加拿大区域航空 公司(PAL Airlines)运营。 荷航发言人表示,事故原因正在进一步调查中。 加拿大一客机着陆时发生故障 有人员受轻伤 据央视新闻综合多家外媒报道,当地时间12月28日晚,荷兰皇家航空公司一架波音737-800 ...
波音公司:正就韩国客机事故与济州航空保持联系
Cai Lian She· 2024-12-29 10:42AI Processing
财联社12月29日电,美国波音公司12月29日在社交媒体上发文表示,该公司正就发生在韩国务安机场的 客机事故与济州航空保持联系,并向遇难者家属表示慰问。 当天,一架客机在位于韩国全罗南道的务安机场着陆时,偏离跑道后撞上机场围墙。 发生事故的客机是由泰国曼谷出发的济州航空7C2216号航班,载有175名乘客和6名乘务人员。 经确认,发生事故的航班的机型是美国波音公司的737-800,于2009年8月出厂,飞机机龄15年。 ...
The Most Critical Year - 2025 Will Determine Boeing's Future
Forbes· 2024-12-28 15:16
RENTON, WA - FEBRUARY 5: The first Boeing 737 MAX 7 aircraft sits on the tarmac outside of the ... [+] Boeing factory on February 5, 2018 in Renton, Washington. (Photo by Stephen Brashear/Getty Images)Getty ImagesThe coming year will be crucial for Boeing to show customers, suppliers, investors, regulators and competitors that it truly is on the road to recovery. Since 2018, when the first MAX flown by Lion Air crashed killing all 189 occupants, Boeing has struggled to maintain stability through production ...
Elon Musk says Boeing is on a 'much better track' with its new CEO because its previous leader 'had no idea how airplanes or rockets worked'
Business Insider· 2024-12-26 14:09
Leadership Changes - Boeing's new CEO Kelly Ortberg, who holds a degree in mechanical engineering, succeeded Dave Calhoun in August 2024 [3][7] - Elon Musk criticized former CEO Dave Calhoun, stating that Calhoun, an accounting graduate, had no understanding of aircraft or rocket design [8][11][16] - Calhoun resigned in March 2024, claiming the decision was entirely his own [15] Company Performance and Challenges - Boeing reported a net loss of $6.1 billion in Q3 2024, following a $1.4 billion loss in the previous quarter [24] - The company's shares have declined by over 31% this year [21] - Boeing faced intense scrutiny after a door plug incident on a 737 Max 9 during an Alaskan Airlines flight in January 2024 [4][9] Turnaround Plan and Culture Shift - Ortberg outlined a four-part turnaround plan focusing on cultural change, business stabilization, execution discipline, and building a new future for Boeing [10][20] - Ortberg emphasized the need for leadership to be more involved in factory floors, engineering labs, and understanding both products and people [23] - The plan aims to restore Boeing to its former legacy as an iconic aerospace leader [25] Safety and Quality Concerns - A Senate subcommittee report in June highlighted whistleblower concerns about Boeing's handling of faulty plane parts [18] - Calhoun publicly apologized to the families of crash victims during a Senate hearing in June but defended Boeing's safety record [27] - Previous CEO Dennis Muilenburg was fired after two crashes involving the Max 8 variant killed 346 people in 2018 and 2019 [13] Industry Perspective - Elon Musk commented that Boeing is on a much better track with the new CEO, criticizing the previous leadership for losing touch with engineering roots [1][11][16]
Boeing's Space Business Could Be Unstoppable in 2025. It Just Needs 1 Thing to Happen First.
The Motley Fool· 2024-12-26 12:07
ULA's Challenges and Recovery - 2023 was the worst year ever for United Launch Alliance (ULA) by some measures [1] - SpaceX's Falcon 9, with its reusable design and lower costs, quickly overtook ULA as America's premier rocket launcher, especially for national security missions [2] - ULA's launch cadence declined further as it phased out Atlas V and Delta IV rockets in favor of the new Vulcan rocket [2] Vulcan Rocket Development and Launch - ULA's Vulcan Centaur rocket, delayed by Blue Origin engine issues, COVID, and development challenges, made its first launch in early 2024 [3] - The second Vulcan launch in October 2024 was intended to qualify the rocket for national security missions, but an anomaly occurred with a solid rocket booster built by Northrop Grumman [11] - The FAA has not yet officially approved Vulcan for another flight or certified it for national security missions, though ULA expects certification soon without additional testing [12][13] ULA's Future Plans and Goals - ULA aims for 20 to 30 launches annually, with a 50-50 split between government and commercial missions, a healthier ratio compared to less than 25% commercial launches in 2014 [22] - ULA has 16 Vulcan rockets in inventory and Blue Origin is producing engines fast enough to support 26 Vulcan launches per year [7] - ULA expects to launch 20 times in 2025, including two national security missions, pending certification [21] Amazon Contract and Commercial Prospects - ULA secured a contract with Amazon to launch 47 rockets for Kuiper internet satellites, accounting for three to four years of ULA's commercial launch goals [8] - The Amazon deal provides a strong start for ULA, but the company still needs government support to meet its broader objectives [9] - ULA's commercial launch percentage increased from 0% in 2013 to 7% in 2014, indicating the ambitious nature of its 50% commercial goal [15] Boeing's Role and Challenges - ULA, a joint venture between Boeing and Lockheed Martin, dominated U.S. space launches in the late 2000s but faced competition from SpaceX's Falcon 9 [9] - Boeing's recent issues, such as the airplane door plug incident, have raised concerns about its broader aerospace operations [19] - Boeing is counting on ULA's Vulcan rocket to regain momentum in the space launch market, particularly with national security missions in 2025 [21]
If You'd Invested $10,000 in Boeing Stock 5 Years Ago, Here's How Much You'd Have Today
The Motley Fool· 2024-12-25 13:00
Spoiler: It isn't pretty.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. That led to the grounding of some 170 Boeing 737 Max 9 planes.The company got hit with multiple lawsuits. The Federal Aviation Administration investigated Boeing and found multiple insufficient safety procedures. There's been turnover in upper management, too, and disappointing earni ...
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
Business Insider· 2024-12-25 11:00
United Airlines' Performance and Strategy - United Airlines' stock price has increased by 148% in 2024, significantly outperforming its peers [2][4] - The airline has managed to thrive despite Boeing delivery delays by leasing planes and reducing domestic supply [3] - United's strong financial position, share buybacks, and broad network have contributed to its success [3][4] Fleet and Network Expansion - United is undergoing a fleet renewal with 270 new narrow-body planes and 150 Boeing 787 Dreamliners, enhancing its competitive edge [14] - The airline has received 21 Airbus A321neos, 31 Boeing 737 Maxs, and one Dreamliner as of November 30, 2024 [15] - United plans to replace aging Boeing 757s with Airbus A321XLRs, targeting new destinations like northern Italy and West Africa [17] International Operations and Revenue Growth - United's international exposure is significantly higher than its peers, with 2024 transatlantic winter bookings up 30% compared to pre-Covid levels [7] - The airline has focused on long-haul flights, particularly in Europe and Asia, to boost revenue [6][10] - Premium revenues, including Polaris business class and premium economy, increased by 5% year-over-year in the third quarter [24] Hub Structure and Market Positioning - United benefits from a strategic hub structure, with key airports in Los Angeles, San Francisco, Washington, DC, and Newark acting as international gateways [11][12] - The airline's hub network provides strong connectivity across the US and supports high-yielding premium and business traffic [12][23] - United's hub advantage is seen as a key differentiator compared to competitors like Delta and American [13] Financial Performance and Share Buybacks - United's adjusted pretax margin of 9.7% reflects its revenue diversification, including premium and basic economy customers [19] - The airline announced a $1.5 billion share buyback, signaling strong financial health and confidence in future cash flow generation [20][27] - Analysts at HSBC raised United's price target to $116, citing its international network as a key driver [21] Operational Efficiency and Customer Experience - United has strategically deployed capacity amid Boeing delivery delays, optimizing its operations [9] - The airline has enhanced customer experience by installing features like Bluetooth in new Boeing 737 Max cabins [18] - Basic economy revenue increased by 20%, indicating success in attracting budget-conscious travelers [26]
Boeing (BA) Rises But Trails Market: What Investors Should Know
ZACKS· 2024-12-23 23:51
Boeing (BA) closed at $177.69 in the latest trading session, marking a +0.19% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.73% for the day. On the other hand, the Dow registered a gain of 0.16%, and the technology-centric Nasdaq increased by 0.98%.Shares of the airplane builder have appreciated by 18.8% over the course of the past month, outperforming the Aerospace sector's loss of 2.61% and the S&P 500's gain of 0.34%.Investors will be eagerly watching for the ...