Here’s what Wall Street hopes for Boeing
As Boeing Co. works on damage control, Wall Street’s best-case scenarios for the aircraft maker is for a relatively short 737 Max grounding, no lengthy delivery halts, and no major redesign for the plane, the best-selling commercial jet of all time.
See also: Boeing’s reputation at risk following fatal crashes, but the company has overcome crises before The upgrade’s installation itself is likely to be “relatively easy,” and cost a relatively paltry $500 million, Herbert said in a note.The grounding could cost about $1 billion a month in lost free cash flow from delivery delays. The monthly bill could go up another $1 billion or so, depending on how much Boeing may have to reimburse airlines for the disruption, he said.
Around 370 Max planes were in service, and the plane’s backlog is approaching 5,000. Carriers operating the most Max planes include Southwest LUV, +1.07% Air Canada AC, -0.31% American Airlines AAL, +1.01% and China Southern 600029, +4.30%
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