波音继续卖资产

Core Viewpoint - Boeing is facing significant financial challenges and has opted to sell its digital aviation solutions business for $10.55 billion to alleviate financial pressure, while also grappling with the impact of tariffs and declining orders [2][3][4]. Financial Performance - Boeing's revenue for 2024 is projected at $66.5 billion, which is only 65% of its peak revenue of $101.1 billion in 2018 [4]. - The company reported a net loss of $11.829 billion for 2024, marking a significant increase from 2023 and ranking as the second-largest loss in its history, following the pandemic-affected year of 2020 [4]. - Boeing has experienced six consecutive years of losses from 2019 to 2024, accumulating a total net loss of $36 billion [4]. Asset Sale - The sale of the digital aviation solutions business includes assets like Jeppesen and ForeFlight, which provide navigation tools and flight planning services [3]. - Boeing will retain its core digital capabilities related to aircraft and fleet data for commercial and defense clients [3]. - The transaction is expected to be completed by the end of 2025 [3]. Order and Delivery Challenges - Boeing's net orders for commercial aircraft in 2024 are only 287, with 169 cancellations, primarily affecting the 737 Max series [4]. - The company aims to deliver between 20 to 30 737 aircraft in April and approximately 400 aircraft for the entire year [6]. Tariff Impact - The U.S. government's imposition of "reciprocal tariffs" has led to increased costs for Boeing, particularly affecting its supply chain for the 787 Dreamliner, which relies on international components [5][6]. - China has announced a significant increase in tariffs on U.S. imports, including Boeing aircraft, which will rise from 5% to nearly 40% starting April 10, 2025 [8]. - As a result of these tariffs, Chinese airlines have begun to suspend the acceptance of new Boeing aircraft deliveries [8][9]. Market Response - The CEO of Ryanair has indicated that if tariffs lead to increased prices for Boeing aircraft, the airline may consider delaying aircraft deliveries [7]. - Boeing's CEO has acknowledged the impact of the trade war on Chinese orders and mentioned the possibility of seeking alternative buyers if Chinese airlines do not accept the aircraft due to high tariffs [9][10].