Connect with us

Hi, what are you looking for?

Stock

Boeing Gains On 34-Plane Order For 737 MAX

Stock Markets1 hour ago (Jun 08, 2021 08:00AM ET)

(C) Reuters.

By Dhirendra Tripathi

Investing.com — Boeing (NYSE:BA) shares were up more than 1% in Tuesday’s premarket following a fresh order Southwest Airlines (NYSE:LUV) placed with it for 34 units of 737 MAX planes.

The move lifts the carrier’s firm orders for the MAX 7 aircraft in 2022 to 234 planes.

The order is further endorsement of Boeing’s narrow body 737 MAX. An electrical issue had kept some 100 units of the plane grounded for an extended period and the manufacturer secured the regulator’s approval less than a month for its clients to fly them again.

Southwest on Tuesday also tightened its second-quarter average core cash burn forecast to between $1 million and $2 million per day, compared with the $1 million-$3 million given earlier.

“Passenger demand and booking trends remain primarily leisure-oriented,” it said in its investor update.

The company reiterated its expectation of revenues improving in June from a month earlier, driven by higher leisure passenger traffic and fares.

Boeing Gains On 34-Plane Order For 737 MAX

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

World News

Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered...

World News

George Soros and Bill Gates are part of a consortium acquiring a British developer of rapid-testing technology, including for Covid-19 and tropical diseases,...

Tech

If you parked your car in one of the thousands of parking spots across Calgary, there’s a good chance you paid the Calgary Parking...

Investing

ForexMay 27, 2021 02:04AM ET (C) Reuters. By Peter Nurse Investing.com — The dollar edged higher in early European trade Thursday, finding support from...

Disclaimer: Yourmorningvoice.com it's managers and its employees (collectively "The Company") do not make any guarantee or warranty about what is advertised or above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. Copyright © 2021 Your Morning Voice. All Rights Reserved