Connect with us

Hi, what are you looking for?

Oracle of  Omaha Says – Investing and Stock NewsOracle of  Omaha Says – Investing and Stock News


Boeing shares rejoice as FAA clears 787 Dreamliner for deliveries

Shares of Boeing Co (NYSE: BA) are up nearly 8.0% on Monday after the Federal Aviation Administration (FAA) cleared its 787 Dreamliner for deliveries.

787 clearance comes at the perfect time

The stock market news could not be better timed for Boeing since its wide-body commercial aircraft mostly caters to the long-haul traffic that’s seen picking up moving forward now that the COVID restrictions have been removed.

The multinational currently has about 120 Dreamliners worth about $25 billion in inventory. Naturally, therefore, Boeing is slated to see a boost in cash flow as deliveries begin in September. The regulator will still inspect each unit before it’s delivered.  

It also has plans of lifting 787 production to match the backlog. The impact on the cash flow, however, will take until 2023 to properly realize. Boeing shares are still down more than 15% for the year.

Boeing reported its fiscal Q2 results last week

Following a fourteen-month halt, Boeing said, it will deliver the first 787 to American Airlines next month. The largest U.S. air carrier expects to get another eight by the end of 2022.

The Dreamliner is a fuel-efficient wide-body aircraft that makes it more appealing for the worldwide airlines for international flights.  

The clearance comes only a week after Boeing reported weaker-than-expected results for its fiscal second quarter. Its free cash flow, however, came in at negative $182 million versus a sharply higher negative $1.01 billion expected.

Wall Street currently has a consensus “overweight” rating on Boeing with upside to $204 on average that represents another 13% increase from here.  

The post Boeing shares rejoice as FAA clears 787 Dreamliner for deliveries appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Tele2 AB today announces a new partnership with security experts EBS to deliver a secure and managed IoT connectivity solution. Tele2 will support EBS...


    Anyone who has filled up the tank of their car this year will be aware of the rollercoaster ride that the price of oil...

    Latest News

    Sen. Patrick Leahy “was not feeling well” on Thursday and was admitted to the hospital overnight for observation, his office said in a statement....

    Latest News

    Joe Manchin is forcing Democrats into a brutal choice: Take a deal now to lower the costs of health care premiums and prescription drugs,...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023