Airbus receives order for 33 widebody planes from Korean Air Lines
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 21 2024
0mins
Source: SeekingAlpha
- Korean Air Lines Order: Korean Air Lines plans to purchase 33 Airbus A350 wide-body jets, valued at $13.7 billion, to expand its long-haul fleet and replace older aircraft.
- Details of the Order: The order includes 27 A350-1000s and six A350-900s for global routes like Seoul to New York, with expected discounts from list prices.
- Integration with Asiana Airlines: Korean Air stated that this order supports its integration with rival Asiana Airlines, following the European Union's preliminary approval of a $1.29 billion acquisition.
- Japan Airlines Order: Boeing and Airbus also received an order for 42 new planes from Japan Airlines on the same day as Korean Air's announcement.
- Additional Information: The news highlights various topics related to Boeing, Airbus SE, and the aviation industry, including investor strategies, customer meetings, and company performance.
Analyst Views on BA
Wall Street analysts forecast BA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BA is 252.43 USD with a low forecast of 150.00 USD and a high forecast of 285.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
14 Buy
2 Hold
1 Sell
Strong Buy
Current: 251.410
Low
150.00
Averages
252.43
High
285.00
Current: 251.410
Low
150.00
Averages
252.43
High
285.00
About BA
The Boeing Company is an aerospace company. Its segments include Commercial Airplanes (BCA), Defense, Space & Security (BDS), and Global Services (BGS). Its BCA segment develops, produces and markets commercial jet aircraft principally for the commercial airline industry worldwide. Its family of commercial jet aircraft in production includes the 737 narrow-body model and the 767, 777 and 787 wide-body models. Its BDS segment is engaged in the research, development, production and modification of manned and unmanned military aircraft and weapons systems for strike, surveillance and mobility. Its BGS segment provides services to its commercial and defense customers worldwide. It sustains aerospace platforms and systems with a range of products and services, including supply chain and logistics management, engineering, maintenance and modifications, upgrades and conversions, spare parts, pilot and maintenance training systems and services, technical and maintenance documents, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
