Where Your Speech Is Free And Your Comment Is King - Post A Link

THE NEWS COMMENTER

VOTE  (0)  (0)

Boeing at two-week high as approval for 737 MAX to fly seen by late June


Added 05-24-19 01:03:01pm EST - “Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday af...” - Reuters.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Reuters.com: “Boeing at two-week high as approval for 737 MAX to fly seen by late...”. Below is an excerpt from the article.

(Reuters) - Shares of Boeing Co rose as much as 3% to more than a two-week high on Friday after Reuters reported that the Federal Aviation Administration (FAA) expects to approve 737 MAX jets to return to service as soon as late June.

Shares of the world’s biggest planemaker have fallen nearly 15% since the fatal crash of an Ethiopian Airlines 737 MAX jet in March, erasing about $40 billion in market value.

The stock has also been among the worst performers on the S&P 500 index and the Dow Jones Industrial Average. The benchmark index is up about 3% during the same period, while the Dow has risen by a marginal 0.2%.

If the aircraft is cleared to fly by June, its operators, including Southwest Airlines Co, American Airlines Group Inc and United Continental Holdings Inc, would likely not have to extend costly cancellations that they have already put in place for the peak summer flying season.

Read more...

Post a comment.

CLICK TO SHARE

BACK TO THE HOME-PAGE