Boeing Suspends Financial Outlook as It Focuses on Safety The New York Times

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These forecasts include aggressive research and development spending on the development of a brand-new airframe design within our forecast period, though it won’t fly until the 2030s. We expect the services business will be able to regain profitability faster than Boeing as a whole because aftermarket revenue increases directly with flights. Invesco CEF Income Composite ETF holds 805,902 shares of BOE stock, representing 1.20% of its portfolio. The incident terrified passengers and forced the pilots to make an emergency landing in Portland, Ore. It renewed concerns among some aviation experts that Boeing has long focused too much on increasing profits and enriching shareholders through buybacks and dividends and not enough on engineering and safety. Experts raised similar concerns after two crashes of 737 Max 8 planes killed nearly 350 people in 2018 and 2019.

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BlackRock Enhanced Global Dividend Trust (BOE) Stock Price, News & Analysis

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Spirit Aero Stock Gets an Upgrade. Lower Boeing 737 MAX Production Can Help.

BlackRock Enhanced Global Dividend Trust announced a monthly dividend on Thursday, February 1st. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.063 per share on Thursday, February 29th. This represents a $0.76 annualized dividend and a dividend yield of 7.38%. With federal officials still investigating the Jan. 5 incident, Boeing’s executives had been grappling with how much to emphasize its efforts to improve safety while also reassuring shareholders about its financial performance. Quality concerns have taken on new urgency after news accounts, including a report in The New York Times, that Boeing workers had opened and reinstalled the panel that blew off the plane, known as a door plug.

Upgrade to MarketBeat All Access to add more stocks to your watchlist. The manufacturer is under pressure to improve quality control after a panel blew off a 737 Max 9 plane during an Alaska Airlines flight this month. We’d like to share more about how we work and what drives our day-to-day business.

Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe. For more information regarding a fund’s investment strategy, please see the fund’s prospectus. We believe Boeing’s biggest uncertainties come from macro risks that limit demand and operational risks that constrain supply, both of which have hurt the company over the last three years. We think the firm deserves a High Uncertainty Rating, but note it is still working through much higher supply risks than Airbus as it revives 737 MAX and 787 production and deliveries. Carefully consider the Funds’ investment objectives, risk factors, and charges and expenses before investing.

“My focus is on Alaska Airlines Flight 1282 and the actions we are taking as a company to strengthen quality and earn the confidence of our customers, the confidence of our regulators and the flying public,” Boeing’s chief executive, Dave Calhoun, said on a conference call with Wall Street analysts. Even as it announced its quarterly earnings, the company chose to concentrate instead on discussing quality control and accountability. Boeing is trying to stem the fallout from an incident less than four weeks ago during which a hole blew open on an Alaska Airlines 737 Max 9 plane shortly after takeoff. Boeing said on Wednesday that it would not provide a full-year financial forecast, the clearest indication yet that the company is trying to assure customers that it is prioritizing safety amid growing concerns about its popular 737 Max jets.

Kyle G. McClements, CFA, Managing Director, is Head of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund’s investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process. The COVID-19 crisis shocked the aviation industry and essentially halved global revenue passenger kilometers in 2020.

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BlackRock Enhanced Global Dividend Trust is a closed ended equity mutual fund launched by BlackRock, Inc. The fund is co-managed by BlackRock Advisors, LLC and BlackRock International Limited. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across all market capitalizations. The fund also invests through derivatives, with an emphasis on options on equity securities or indices.

On the supply side, Boeing’s execution of the extraordinarily complex manufacturing process of its commercial jets poses a risk to the company’s results, as numerous errors and lapses in quality emerged between 2020 and 2024. A second major risk in the aftermath of the 737 MAX grounding and production rework on the 787 lies in global supply chain disruptions that also affect Boeing’s engine and subsystem suppliers. These suppliers may just not be able to ramp up production at Boeing’s desired pace, which would constrain or delay the firm’s ability to get its assembly up to the volume where it makes money on every plane it delivers, versus having to continue to record extraordinary charges for idle assembly capacity. Christopher M. Accettella, Director, is a member of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. He is a portfolio manager for equity derivatives overlay and hedging assignments, including BlackRock’s equity closed end funds.

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