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Here’s what Wall Street hopes for Boeing in the wake of the 737 Max grounding

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.

The company is expected to report first-quarter results next month, and analysts surveyed by FactSet are expecting adjusted earnings of $4.29 a share on sales of $25.4 billion, which would compare with adjusted profit of $3.64 a share on sales of $23.3 billion in the year-ago period.

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Wall Street Jurnal -
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.

The company is expected to report first-quarter results next month, and analysts surveyed by FactSet are expecting adjusted earnings of $4.29 a share on sales of $25.4 billion, which would compare with adjusted profit of $3.64 a share on sales of $23.3 billion in the year-ago period.


Fox News -
Grounding Boeing 737s Max jets is right call – Here's a statistician’s view of their risk

President Trump’s announcement Wednesday that the Federal Aviation Administration (FAA) is temporarily grounding two models of the Boeing 737 Max jet following two deadly crashes was welcome but overdue.

FAA GROUNDS BOEING 737 MAX 8, 737 MAX 9 PLANES FOLLOWING DEADLY ETHIOPIAN AIRLINES CRASH. Most likely, the unacceptably long wait in the U.S. was caused in response to Boeing’s belief that better pilot training is what’s needed to prevent more crashes – rather than believing there is a problem with jet.


BBC -
US to ground all Boeing crash aircraft

President Donald Trump has announced that the US will immediately ground all Boeing 737 Max aircraft following the crash of an Ethiopian Airlines jet.

Dennis Muilenburg, president, chief executive and chairman of Boeing, said: "We are doing everything we can to understand the cause of the accidents in partnership with the investigators, deploy safety enhancements and help ensure this does not happen again."


Fox News -
Trump says FAA will ground Boeing 737 MAX 8, 737 MAX 9 planes following deadly Ethiopian Airlines crash

To be temporarily grounded in the U.S.. The agency said the decision was made to ground both the Boeing 737 Max 8 and 737 Max 9 models "as a result of the data gathering process and new evidence collected at the site and analyzed." "The grounding will remain in effect pending further investigation, including examination of information from the aircraft's flight data recorders and cockpit voice recorders," the FAA said.



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