Investor Alert

Market Pulse Archives

Jan. 5, 2022, 9:18 a.m. EST

Boeing stock gains after Allegiant orders 50 737 MAX jets, with options for another 50 jets

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Boeing Co. (BA)
  • X
    Allegiant Travel Co. (ALGT)
  • X
    Dow Jones Industrial Average (DJIA)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Boeing Co. /zigman2/quotes/208579720/composite BA +6.45% rose 0.9% in premarket trading Wednesday, after the aerospace and defense giant said Allegiant Travel Co.'s /zigman2/quotes/208507686/composite ALGT +6.28% Allegiant Air has ordered 50 737 MAX jets, with options to buy an additional 50 jets. Allegiant's stock fell 2.1% ahead of the open. The order, Boeing said represents its first deal with an ultra-low cost carrier (ULCC), includes two models, the 737-7 and 737-8-200. The companies didn't disclose a value of the deal. "This deal further validates the economics of the 737 MAX family in the ULCC market and we're excited to stand alongside Allegiant as they integrate these new airplanes into their fleet," said Stan Deal, chief executive of Boeing's commercial airplanes unit. The announcement comes after Reuters reported late Tuesday, citing people familiar with the matter, that Allegiant was poised to order 50 Boeing 737 MAX jets, which would be worth $5 billion at list prices. Boeing's stock has shed 4.8% over the past three months through Tuesday, while the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.34% has gained 7.2%.

$ 132.05
+8.00 +6.45%
Volume: 12.15M
May 17, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$73.39 billion
Rev. per Employee
US : U.S.: Nasdaq
$ 150.92
+8.92 +6.28%
Volume: 150,879
May 17, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$2.57 billion
Rev. per Employee
US : Dow Jones Global
+431.17 +1.34%
Volume: 389.31M
May 17, 2022 4:54p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.