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...WestJet Airlines is a Canadian airline. Co. provides scheduled and charter commercial air travel, vacation packages and cargo services across North America, Central America, the Caribbean and Europe. Co.'s commercial air travel business also supports a variety of other product and service offerings including: flight change and cancel options; upgrading to its Plus seating; baggage fees; food, beverage and inflight entertainment options; and its WestJet RBC MasterCard. Co.'s vacation package provides a variety of products and services purchased through packages such as: flights, hotel accommodations, car rentals and tour attractions.
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.
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