AlphaNinja - Boeing (BA) shares comprise 3% of the Dow Jones Industrial Average, and are up 9% today -->> responsible for the entire 28basis point move in the index.
Boeing said its 787 Dreamliner will be ready for a test flight by the end of the year, and the market received the news well.
Expected 2009 Free Cash Flow of about $3.2billion indicates an FCFY (Free Cash Flow Yield) of 10% -->> a pretty decent return compared to money markets and other piddly yields.
Let's hope the delays are done, as Boeing does not need any more negative news.
Gulf Air, losing $1million per day, is "reviewing" its order plans.
Air Berlin CFO on the constant delays in the 787 program:
Air Berlin says it may cancel its order for 25 Boeing 787s. Delays in the program are “everything but satisfactory,” CFO Ulf Huettmeyer says. “It’s no fun anymore.”