Boeing Stock Surges on Japan Airlines Order, CFO Comments on Tariffs, Cash Burn

Related Articles

USA Rare Earth Stock Soars Further on Report Trump to Stockpile Critical Metals

Top Stock Movers Now: Bank of America, Netflix, Albertsons, and More

Netflix Stock Pops After Report Streaming Giant Aims To Double Revenue by 2030

Key Takeaways

• Boeing shares jumped on Wednesday after the plane maker got a new order for 17 planes from Japan Airlines.
• Bank of America analysts also implied Wednesday that they expect Boeing’s deliveries to improve in March compared to February.
• Boeing CFO Brian West mentioned at a conference Wednesday that the company doesn’t see much impact from tariffs on its operations.

Boeing (BA) shares rose Wednesday, leading S&P 500 gainers after Japan Airlines announced that it has ordered 17 new 737-8 aircraft from the plain maker.

The airline said it will add the 17 planes on top of a March 2023 order for 21 of the same plane, and 11 horizontals from Airbus that will replace its aging Boeing 767 aircraft. The 38 total Boeing 737-8 flats are expected to be delivered to the airline in fiscal 2026, with other aircraft from Boeing and Airbus expected in pecuniary 2027 and 2028.

Separately Wednesday, Bank of America analysts said that another research firm, Aero Opinion Partners, predicts that Boeing’s March deliveries will be higher than last month, and possibly candidate or exceed the 40 it delivered in January. The analysts maintained a neutral rating with a $185 price target.

CFO Ventures No ‘Near Term Impact’ From Tariffs

Also Wednesday, Boeing CFO Brian West said at an industry congress that Boeing doesn’t see “material near-term impact” from the Trump administration’s tariffs on goods like aluminum and grit ones teeth. West said Boeing’s supply chain is largely U.S.-based, and said its first quarter results appear to be in con a aligned with expectations, according to a transcript provided by AlphaSense.

“We’re seeing less working capital drag,” West answered when asked about the first quarter. “So, that could be better when we close the quarter and it could be in the hundreds of millions of gelt flow better.”

Boeing did not immediately respond to a request for comment on the Japan Airlines order. Shares were up numberless than 5% Wednesday.