THE BOEING COMPANY

(BA)
  Report
Real-time Estimate Cboe BZX  -  05/18 09:12:39 am EDT
132.54 USD   +0.37%
05:00aIsraeli carrier El Al Q1 loss narrows as tourists return
RE
01:25aUS Probe Finds China Eastern Plane Crash Intentional
MT
12:54aCALC Strikes Leaseback Deal with China Southern Airlines for 10 Boeing Jets
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Atlas Air Worldwide Purchases Four Boeing 777 Freighters

01/07/2022 | 05:54am EDT

- Global cargo carrier's first direct purchase of 777 Freighter will grow its fleet to 18 777s

SEATTLE -- Boeing [NYSE: BA] and Atlas Air Worldwide today announced an order for four 777 Freighters. The order, placed in December, rounds out a record-setting 2021 for Boeing's freighter family including new-production and converted models. Boeing has forecast that the global freighter fleet will grow by 70% in the next 20 years, with freight carriers such as Atlas Air supporting a rapidly expanding global e-commerce business and evolving supply chains.

"We are excited to expand our fleet and service offerings for our existing and prospective customers with these four new 777s. With the best team in the industry as well as our focus on innovation and prudent fleet management, Atlas is serving the evolving needs of the global supply chain and delivering value for our customers," said John W. Dietrich, Atlas Air Worldwide president and CEO.

Boeing's market-leading 777 Freighter is the world's largest, longest-range and most capable twin-engine freighter, with the lowest trip cost and highest reliability of any large freighter. With a range of 4,970 nmi (9,200km), the 777 Freighter can carry a maximum revenue payload of 102 tonnes (224,900 lb), while reducing fuel use and CO2 emissions compared to prior airplanes. This capability and exceptional efficiency translate into significant savings for cargo operators, with fewer stops and associated landing fees.

"We are honored that Atlas Air Worldwide, as a global leader in airfreight, has once again selected to grow with Boeing and our freighter family. These new 777 Freighters provide Atlas with more capacity, fuel efficiency and operational flexibility for its customers," said Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing. "As air cargo demand continues to grow, we're confident that the efficiency, capability and flexibility of our freighter family will meet customer needs now and in the future."

Through November, Boeing had surpassed the previous freighter record including 80 orders for new production freighters and more than 80 orders for converted models. The company will announce full-year 2021 orders and deliveries on January 11.

Atlas Air currently has 14 777s and is the world's largest operator of 747 Freighters, with 49 in its fleet. These two models, in particular, are designed to partner seamlessly, enabling operators to transfer tall and outsized cargo loads easily between the two on 3-meter (10-foot) tall pallets. The cargo and passenger carrier also operates a fleet of 767 and 737 airplanes.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future and living the company's core values of safety, quality and integrity. Learn more at www.boeing.com.

Contact

Joe Loeffler

Boeing Communications

425-306-2145

Joseph.o.loeffler@boeing.com

Jessica Kowal

Boeing Media Relations

206-660-6849

jessica.m.kowal@boeing.com

.

(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

Stocks mentioned in the article
ChangeLast1st jan.
ATLAS AIR WORLDWIDE HOLDINGS, INC. 4.57% 72.71 Delayed Quote.-22.75%
THE BOEING COMPANY 6.45% 132.05 Delayed Quote.-38.38%
All news about THE BOEING COMPANY
05:00aIsraeli carrier El Al Q1 loss narrows as tourists return
RE
01:25aUS Probe Finds China Eastern Plane Crash Intentional
MT
12:54aCALC Strikes Leaseback Deal with China Southern Airlines for 10 Boeing Jets
MT
05/17China Eastern crash probe looks into crew actions -sources
RE
05/17CHINA EASTERN BLACK BOX POINTS TO IN : Wsj
MT
05/17BofA Securities Adjusts Price Target for Boeing to $150 From $180, Maintains Neutral Ra..
MT
05/17US Regulator Clears United Airlines’ Boeing 777s After Grounding Due to Engine Is..
MT
05/17United Airlines Reportedly Says FAA Has Given Go-Ahead for 52 Boeing 777s to Resume Fly..
MT
05/17Some of United Airlines' Boeing 777s get OK to fly after 2021 engine failure
RE
05/17AerCap keeps legacy Boeing order, sees strong demand for 737 Max jets
RE
More news
Analyst Recommendations on THE BOEING COMPANY
More recommendations
Financials (USD)
Sales 2022 75 306 M - -
Net income 2022 1 207 M - -
Net Debt 2022 41 215 M - -
P/E ratio 2022 76,4x
Yield 2022 -
Capitalization 78 126 M 78 126 M -
EV / Sales 2022 1,58x
EV / Sales 2023 1,20x
Nbr of Employees 142 000
Free-Float 58,4%
Chart THE BOEING COMPANY
Duration : Period :
The Boeing Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends THE BOEING COMPANY
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Last Close Price 132,05 $
Average target price 223,05 $
Spread / Average Target 68,9%
EPS Revisions
Managers and Directors
David L. Calhoun President, Chief Executive Officer & Director
Brian J. West Chief Financial Officer & Executive Vice President
Lawrence W. Kellner Non-Executive Chairman
Gregory L. Hyslop Chief Engineer, EVP-Engineering, Test & Technology
Susan Doniz Chief Information Officer & SVP-Data Analytics
Sector and Competitors
1st jan.Capi. (M$)
THE BOEING COMPANY-38.38%78 126
AIRBUS SE-3.63%89 799
TEXTRON INC.-18.28%14 125
DASSAULT AVIATION65.58%13 781
AVICHINA INDUSTRY & TECHNOLOGY COMPANY LIMITED-23.19%4 067
AVICOPTER PLC-49.89%3 521