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Stock impact report

Coronavirus Has Popped the Boeing and Airbus Bubble [Yahoo! Finance News]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Opinion) -- It’s not just air tickets that are being canceled as the coronavirus causes global travel to seize up. Purchases of aircraft are also being pulled.Aircraft lessors Avolon Holdings Ltd., China Development Bank Financial Leasing Co., and General Electric Co.’s GECAS have rescinded orders for 173 Boeing Co. 737 MAX aircraft over the past month, worth $17.8 billion at list prices. Airbus is cutting output of planes by a third, while Boeing will reduce production of 787 Dreamliners by half, people familiar with the plans told Julie Johnsson and Siddharth Philip of .There’s likely to be more to come. The global aviation industry is being hollowed out by the prospect of international and domestic travel grinding mostly to a halt for 18 months or so: The International Air Transport Association expects traffic to decline by 48% this year because of the coronavirus.One of the first places airlines will look to make savings will be in their multi-billion dollar capital expenditure b Show less Read more
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