Report
Danny Goode
EUR 100.00 For Business Accounts Only

737 MAX Groundings Threaten Fleet Transformation and Expansion Efforts for North American Carriers

We’re maintaining our fair value estimate for airlines operating Boeing’s 737 MAX 8 in lieu of potential Federal Aviation Administration-directed groundings. Plenty of uncertainty remains around what caused the March 10, 2019 Ethiopian Airlines crash that involved a newly delivered 737 MAX 8, so we don’t model a valuation impact from FAA induced cancellations. We realize the MAX 8’s second crash in five months could spook travel markets and weigh on demand, but we already bake in below Street av...
Underlying
Air Canada

Air Canada is a domestic and international airline Company. Co. is engaged in the provision of scheduled passenger services in the Canadian market, the Canada-United States transborder market and in the international market to and from Canada. Through its subsidiaries, Co. also operates in low-cost carriers segment, providing service to customers in lower density markets and also in higher density markets at off-peak times throughout Canada and the United States. Co. also provides air cargo services on domestic and the U.S. transborder flights; tour operator services which operate in the outgoing leisure travel market; and ground handling services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Danny Goode

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