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MarketScreener Homepage  >  Equities  >  Nasdaq  >  United Continental Holdings Inc    UAL

UNITED CONTINENTAL HOLDINGS INC

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United Continental : Boeing reports zero new orders for jets in April

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05/15/2019 | 06:28am EDT

Boeing has continued to manufacture 737s since the March 10Ethiopian Airlines crash killed 157 people. Image Credit: AFP Photo/Jason Redmond

Washington: Boeing said in a report that not only did the 737 MAX receive zero new orders since it was grounded worldwide in March, the company's other jets, such as the 787 Dreamliner or the 777, also did not get any new orders in April.

According to the report issued on Tuesday, Boeing did report some orders for the other jets in late March, even in the wake of the March 10 crash of an Ethiopian Airlines jet and the grounding of the 737 MAX that followed, reports CNN.

Also read

-- UAE GCAA: Ban on Boeing 737-8 stays until enough information is gathered -- Boeing left airlines, FAA in dark on alert linked to 737 Max crashes -- Passenger traffic falls 2.2% at Dubai International At least 356 people were killed in the two crashes -- Lion Air in October and the Ethiopian Airlines on March 10 -- involving the 737 MAX aircraft that took place within a span of five months.

Lufthansa ordered 20 of the 787 jets on March 15, and British Airways ordered 18 of the 777X on March 22, the report said.

But the only orders reported by Boeing for April were bookkeeping entries: Four 737 MAX jets that had been sold to Boeing Capital in the past were transferred to an unidentified lessor last month.

Boeing didn't count those as new orders. Instead, it reclassified sales it had already reported in the first quarter.

None of Boeing's other jet models have crashed, and airlines have not reported any safety problems other than the 737 MAX.

Executives from several airlines, including Norwegian Air and United Airlines, have said they expect to reach an agreement with Boeing over some form of compensation as a result of having their 737 MAX planes grounded.

(c) Al Nisr Publishing LLC 2019. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2019 43 356 M
EBIT 2019 4 282 M
Net income 2019 2 985 M
Debt 2019 12 535 M
Yield 2019 -
P/E ratio 2019 7,41
P/E ratio 2020 6,88
EV / Sales 2019 0,79x
EV / Sales 2020 0,73x
Capitalization 21 911 M
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Number of Analysts 21
Average target price 105 $
Spread / Average Target 26%
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Oscar Munoz Chief Executive Officer & Director
J. Scott Kirby President
Jane C. Garvey Non-Executive Chairman
Gregory L. Hart Chief Operating Officer & Executive Vice President
Gerald Laderman Chief Financial Officer & Executive Vice President
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