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Non-Tech : Airline Discussion Board -- Ignore unavailable to you. Want to Upgrade?


To: handyman who wrote (1408)10/27/2020 12:16:08 PM
From: Moonray  Read Replies (2) | Respond to of 1868
 
I am continuing to buy Boeing which is now my biggest holding.
Boeing set to detail another rough quarter as Covid adds to woes
Leslie Josephs

Boeing is set to deliver more bad news before the market opens on
Wednesday. Analysts expect the company to report a sixth-straight
quarter of negative free cash flow and revenue down some 30%
from the same period a year ago.

The coronavirus pandemic is straining Boeing’s airline customers,
who have canceled and deferred orders on hundreds of jets, crimping
cash flow since the bulk of an aircraft’s price is paid when it’s delivered.

Boeing executives are likely to provide their latest outlook for the
duration of the pandemic’s impact on appetite for new aircraft as
well as an update on regulators’ review of the 737 Max. The Federal
Aviation Administration is at the tail-end of its recertification process
but it hasn’t officially signed off on the planes yet. The best-selling j
et remains grounded after more than 19 months. The flight ban took
effect after the second of two fatal crashes that together killed at
346 people on board the flights.

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