Boeing Stock Price, News & Analysis

BetterInvesting Magazine has selected TJX Companies Inc. as its 'Stock to Study' and The Boeing Company as its 'Undervalued Stock' for the November 2022 issue. This decision highlights the importance of ongoing investment education, especially as a recent survey revealed an 8% drop in millennial investors from the previous year. BetterInvesting encourages consistent investing and using its methodologies to build wealth. Investors can access stock analysis tools to examine TJX and Boeing's investment potential.

Boeing (NYSE:BA) has secured an order from UPS for eight additional 767 Freighters, raising UPS's fleet to 108 such aircraft. This order underlines the 767's versatility and Boeing's leadership in the freighter segment. With deliveries starting in 2025, UPS aims to enhance its sustainability and efficiency in air cargo operations. Boeing anticipates significant demand in the freighter market, projecting a need for 2,795 dedicated freighters over the next 20 years. Currently, Boeing's freighters comprise 90% of the global freighter capacity.

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The Boeing Company has appointed Brian Besanceney as senior vice president and chief communications officer, effective September 6, 2022. With over 25 years of experience in strategic communications and government relations, he will manage Boeing's communications across its commercial, defense, and services sectors. Besanceney previously served at Walmart and Disney, showcasing his expertise in global communications. He succeeds Ed Dandridge, who left Boeing in June, and will report to Boeing's CEO David Calhoun.

Boeing reported a Q2 2022 revenue of $16.7 billion, down 2% year-over-year, with a GAAP earnings per share of $0.32 and a core loss per share of ($0.37). The operating cash flow was positive at $0.1 billion, signaling a potential turnaround. The company increased 737 production to 31 airplanes per month and is collaborating with the FAA to resume 787 deliveries. The total backlog rose to $372 billion, driven by over 4,200 commercial airplanes. However, defense revenue fell by 10%, affected by lower volume and unfavorable performance.

Boeing's 2022 Pilot and Technician Outlook forecasts a demand for 2.1 million new aviation personnel over the next 20 years, driven by the recovery in commercial air travel. The forecast includes 602,000 pilots, 610,000 maintenance technicians, and 899,000 cabin crew members to support a projected fleet of 47,080 airplanes by 2041. This marks a 3.4% increase from 2021. Key growth regions are Africa, Southeast Asia, and South Asia, each expected to grow more than 4%. Boeing also emphasizes the need for advanced training solutions.

Boeing and Cargolux announced at the Farnborough International Airshow that the 777-8 Freighter will replace the airline's 747-400 fleet. Cargolux, Europe's largest all-cargo airline, aims for improved sustainability, achieving 30% better fuel efficiency and reduced operating costs. With over 50 orders already placed for the 777-8 Freighter, first deliveries are expected in 2027. The partnership between Boeing and Cargolux has lasted nearly 50 years, with the airline being a major operator of Boeing freighters in Europe.

Boeing has finalized an order with Qatar Airways for 25 737 MAX airplanes, enhancing the airline's short- and medium-haul operations. This agreement, confirmed at the Farnborough International Airshow, features the 737-10 variant, renowned for its fuel efficiency and capacity to seat 230 passengers. The aircraft can operate on 99% of single-aisle routes globally. This follows a prior memorandum of understanding between the two companies. Qatar Airways currently operates over 120 Boeing aircraft and has received multiple accolades for its service.