Market Updates
U.S. Movers: Alaska Air, Boeing, Lululemon Athletica, Spirit AeroSystems, United Airlines
Scott Peters
08 Jan, 2024
New York City
Boeing Company declined 6.3% to $233.03 after the Federal Aviation Authority temporarily grounded 737 Max 9 aircraft for an emergency safety inspection.
The FAA ordered the grounding after a plug door unlocked and fell off midair during an Alaska Air flight on Friday after takeoff from Portland, Oregon, heading to Ontario, California.
Of the 171 aircraft grounded by the FAA, Alaska Airlines has 65 planes, United Airlines has 79, and the rest are with six international airlines, including the discount airline Lion Air.
The aircraft maker has been struggling with pandemic-era supply chain disruptions and two plane crashes in Ethiopia and Indonesia in 2018 and 2019. that killed 346 people.
The fuselage maker, Spirit AeroSystems, plunged 13.5% to $27.43 after the panel incident.
Alaska Air dropped 5.3% to $35.95, and the regional airline canceled about 210 flights after the mid-air panel blowout incident.
The regional airline said it canceled 170 flights on Sunday and an additional 60 on Monday and added that cancellations are likely to continue this week after the FAA temporarily grounded 737 Max 9 airplanes for emergency inspections.
United Airlines declined 1.2% to $41.25.
Lululemon Athletica declined 1.4% to $484.50 despite the specialty apparel retailer lifting its outlook.
The company lifted its fourth quarter earnings estimate range to between $4.95 and $5.0 from the previous estimate between $4.85 and $4.93.
Annual Returns
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|
Earnings
| Company | Ticker | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|