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Boeing (BA) to Supply 12 737 MAX 8 to Caribbean Airlines
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The Boeing Co. (BA - Free Report) has received an order to supply 12 737 MAX 8 airplanes to Caribbean Airlines. These new aircrafts will help Caribbean Airlines to replace its existing fleet of Next-Generation 737, with more fuel-efficient 737 MAX 8 airplanes. The new airplane will provide 16% fuel savings to Caribbean Airlines compared with its existing fleet in operation.
Caribbean Airlines expects to take delivery of the airplane next year and continue providing high-quality services to customers. In addition, the carrier will use Boeing’s Fuel Dashboard Program, which will help operators to look across the fleet and identify fuel savings.
737 MAX is one of the best-selling airplanes of Boeing, of which the company has already received orders from more than 100 customers worldwide. Recently, it received an order to supply 40 737 MAX 8 airplanes to Jeju Air. At present, the total backlog of Boeing is 5,803 airplanes, out of which nearly 79.5% is for the 737 model.
Boeing’s 737 Max
Boeing produces 52 737 airplanes per month and has plans to expand production volumes to 57 per month in 2019. The total backlog of the 737 is 4,616 airplanes. The backlog of 737 airplanes is expected to further increase, due to the unique features it offers to customers.
Boeing 737 MAX is enjoying brisk demand in the single-aisle market for its fuel efficiency and low carbon dioxide emissions. Powered by Commercial Fan Motor (“CFM”) International LEAP-1B engines, the Advanced Technology winglet of this airplane enhances its performance.
Additionally, the pivoting overhead stowage bins add to the spaciousness of the cabin. The bins give passengers more room to keep a carry-on roll-aboard near their own seat, in addition to providing extra leg space. This aircraft is 14% more fuel efficient than its closest peer in the single-aisle aircraft market.
Outlook for Commercial Airplane
The demand for commercial airplanes is expected to double in the next two decades, per long-term outlook provided by Boeing. Per the outlook, the demand for new planes will touch 42,730 by 2037. The single aisle segment is expected to witness maximum growth, with a demand of 31,360 airplanes.
The total value of the commercial aeroplane market, with commercial airplanes and services, will touch nearly $15 trillion. We expect that Boeing will be a major player with its 737 family, a premier single-aisle commercial aeroplane.
Boeing’s dominance in the international commercial market will be challenged by Airbus SE (EADSY - Free Report) Group’s A-320 model.
Price Movement
In a year’s time, Boeing has returned 19.7% compared with its industry’s growth of 2.9%.
Lockheed Martin delivered average positive surprise of 13.92% in the last four quarters and its long-term earnings growth is pegged at 8.0%. The Zacks Consensus Estimate for 2018 has moved up 2.9% in the past 60 days to $17.51 per share.
Engility Holdings delivered average positive surprise of 19.98% in the last four quarters and its long-term earnings growth is pegged at 5.0%. The Zacks Consensus Estimate for 2018 has been upwardly revised by 4% in the past 60 days to $2.10 per share.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
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Boeing (BA) to Supply 12 737 MAX 8 to Caribbean Airlines
The Boeing Co. (BA - Free Report) has received an order to supply 12 737 MAX 8 airplanes to Caribbean Airlines. These new aircrafts will help Caribbean Airlines to replace its existing fleet of Next-Generation 737, with more fuel-efficient 737 MAX 8 airplanes. The new airplane will provide 16% fuel savings to Caribbean Airlines compared with its existing fleet in operation.
Caribbean Airlines expects to take delivery of the airplane next year and continue providing high-quality services to customers. In addition, the carrier will use Boeing’s Fuel Dashboard Program, which will help operators to look across the fleet and identify fuel savings.
737 MAX is one of the best-selling airplanes of Boeing, of which the company has already received orders from more than 100 customers worldwide. Recently, it received an order to supply 40 737 MAX 8 airplanes to Jeju Air. At present, the total backlog of Boeing is 5,803 airplanes, out of which nearly 79.5% is for the 737 model.
Boeing’s 737 Max
Boeing produces 52 737 airplanes per month and has plans to expand production volumes to 57 per month in 2019. The total backlog of the 737 is 4,616 airplanes. The backlog of 737 airplanes is expected to further increase, due to the unique features it offers to customers.
Boeing 737 MAX is enjoying brisk demand in the single-aisle market for its fuel efficiency and low carbon dioxide emissions. Powered by Commercial Fan Motor (“CFM”) International LEAP-1B engines, the Advanced Technology winglet of this airplane enhances its performance.
Additionally, the pivoting overhead stowage bins add to the spaciousness of the cabin. The bins give passengers more room to keep a carry-on roll-aboard near their own seat, in addition to providing extra leg space. This aircraft is 14% more fuel efficient than its closest peer in the single-aisle aircraft market.
Outlook for Commercial Airplane
The demand for commercial airplanes is expected to double in the next two decades, per long-term outlook provided by Boeing. Per the outlook, the demand for new planes will touch 42,730 by 2037. The single aisle segment is expected to witness maximum growth, with a demand of 31,360 airplanes.
The total value of the commercial aeroplane market, with commercial airplanes and services, will touch nearly $15 trillion. We expect that Boeing will be a major player with its 737 family, a premier single-aisle commercial aeroplane.
Boeing’s dominance in the international commercial market will be challenged by Airbus SE (EADSY - Free Report) Group’s A-320 model.
Price Movement
In a year’s time, Boeing has returned 19.7% compared with its industry’s growth of 2.9%.
Zacks Rank & Other Key Picks
Boeing currently has a Zacks Rank #2 (Buy). Other top-ranked stocks from the same industry include Lockheed Martin Corporation (LMT - Free Report) and Engility Holdings, Inc. , each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Lockheed Martin delivered average positive surprise of 13.92% in the last four quarters and its long-term earnings growth is pegged at 8.0%. The Zacks Consensus Estimate for 2018 has moved up 2.9% in the past 60 days to $17.51 per share.
Engility Holdings delivered average positive surprise of 19.98% in the last four quarters and its long-term earnings growth is pegged at 5.0%. The Zacks Consensus Estimate for 2018 has been upwardly revised by 4% in the past 60 days to $2.10 per share.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>