Edition:
United States

Sanjana Shivdas

GE lifts forecast but warns Boeing grounding may cost $1.4 billion

Jul 31 2019

General Electric Co raised its 2019 forecast on Wednesday, but disclosed more than $1 billion in potential costs from Boeing's grounded 737 MAX jetliner, puncturing an early share rally.

Boeing supplier Spirit tops estimates despite MAX groundings

Jul 31 2019

Spirit AeroSystems beat Wall Street estimates for quarterly profit on Wednesday, as Boeing's biggest supplier continued to make and sell parts for the planemaker's grounded 737 MAX while demand for other aircraft held up.

D.R. Horton expects lower incentive spending to boost margins

Jul 30 2019

No.1 U.S. homebuilder D.R. Horton Inc on Tuesday said it expects lower incentive spending and strong buyer demand to benefit margins, sending its shares up about 6%.

Boeing 737 MAX groundings plague U.S. airlines, 'frustrated' Southwest exits Newark

Jul 25 2019

Boeing Co's top two U.S. customers warned on Thursday of an increasing financial toll from the prolonged grounding of the 737 MAX jet, which prompted a "frustated" Southwest Airlines Co to announce it was ending operations at Newark Liberty International airport.

American Airlines sees $400 million pretax hit in 2019 from 737 MAX grounding

Jul 25 2019

American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

UPDATE 1-American Airlines sees $400 mln pretax hit in 2019 from 737 MAX grounding

Jul 25 2019

July 25 American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

Southwest ekes out profit as bookings offset MAX groundings; Newark operations ceased

Jul 25 2019

Southwest Airlines Co eked out a small profit in the second quarter on Thursday as strong bookings offset the financial blow of the grounding of Boeing 737 MAX jets, which forced the carrier to cease operations at Newark Liberty International airport.

Pulte full-year forecast disappoints, higher costs persist

Jul 23 2019

PulteGroup Inc on Tuesday forecast full-year home sales and gross margins below analyst expectations, as it grapples with rising land costs, sending its shares down as much as 7%.

Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems

Jul 22 2019

Fitch Ratings and Moody's lowered their outlooks for Boeing Co to "negative" from "stable" on Monday, citing delays in its 737 MAX jets' return to service.

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