Saudi Arabia's National Airline in Talks for Historic Aircraft Order
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Should l Buy BA?
Source: seekingalpha
- Potential Historic Order: Saudi Arabia's national airline is in early discussions with Boeing and Airbus about a potential order for at least 150 aircraft, which would mark the largest in its history, aimed at supporting the kingdom's travel and tourism expansion strategy.
- Fleet Renewal and Expansion: This purchase would enable Saudia to replace older jets while expanding its current fleet of approximately 200 aircraft, although specific aircraft types and quantities have yet to be determined, and discussions remain at a preliminary stage.
- Strategic Focus on Religious Travel: Under its aviation strategy, Saudia is expected to concentrate more on religious travel, while the newly established Riyadh Air is positioned as a premium carrier targeting international tourists, indicating a strategic market segmentation approach.
- Leadership and Service Upgrades: Saudia has refreshed its leadership, pursued high-profile partnerships, and invested in onboard upgrades, including plans to introduce Starlink internet service on select aircraft, enhancing customer experience and competitive positioning.
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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: 236.950
Low
150.00
Averages
252.43
High
285.00
Current: 236.950
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.
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