trending Market Intelligence /marketintelligence/en/news-insights/trending/fbzDWITPoWt4IWt_nMh8qg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Boeing's core EPS plunges 59.5% YOY in Q3, taking hit from 737 MAX fallout

Gauging Credit Risk Through A Multidimensional Lens

COVID-19: Lessons Learned From Rated Airlines And The Implications On The Unrated Universe

COVID-19 Mining Impacts — Mining Projects With At-Risk Production

Iron Ore CBS June 2020 — Iron Ore Prices Hit 10-Month High


Boeing's core EPS plunges 59.5% YOY in Q3, taking hit from 737 MAX fallout

Boeing Co. reported a 59.5% year-over-year decline in its third-quarter core EPS, which also missed analysts' expectations, as the continued grounding of the 737 MAX aircraft took a heavy toll on revenues.

Boeing's core EPS fell to $1.45 in the quarter that ended Sept. 30 from $3.58 in the year-ago period. The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was $2.12.

Core operating earnings totaled $895.0 million, a decrease of 52.6% from $1.89 billion in the prior-year quarter.

GAAP net earnings decreased 50.6% on an annual basis to $1.17 billion, or $2.05 per share, from $2.36 billion, or $4.07 per share.

Revenues decreased 20.54% on an annual basis to $19.98 billion from $25.15 billion.

737 aircraft

Boeing said the drop in third-quarter revenues reflected lower deliveries of the 737 aircraft. Total commercial airplane deliveries fell to 62 in the quarter from 190 a year earlier.

The 737 MAX airplanes have been grounded globally since March following a fatal Ethiopian Airlines crash. Boeing said it continues to work with the U.S. Federal Aviation Administration and other industry regulators around the world for the potential return to service of the troubled aircraft.

Boeing maintained its expectation that regulators would start approving the 737 MAX's return to service in the fourth quarter. The company also expects to gradually raise its monthly production rate for the 737 aircraft from 42 jets to 57 by late 2020. In the third quarter, estimated production costs for the 737 aircraft rose by $900 million.

Boeing also said it will lower its production rate for the 787 airplanes to 12 per month for about two years, starting in late 2020, due to current global trade conditions.

For the 777X program, Boeing said it is now targeting early 2021 for the first delivery of the new twin-engine jet.