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.
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.
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 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 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.
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
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.
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 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.