What is The Future of Work?

The stock market remains subject to global turmoil as the year 2022 comes to a close. However, there is some positive market momentum for companies like Boeing. Several big orders have come true as the company’s final 747 model was completed earlier this month. 

Ending The Boeing 747 Era

The Boeing 747 was one of the most influential plane models in aviation. It has introduced long-distance, non-stop flights and more on-board comfort to passengers. Although planes were considered enormous in the early days, they have become normal in recent years. Moreover, bigger and better models have been built in the following decades, with further innovations on the horizon. 

During its lifespan of over five decades, the 747 has become synonymous with aviation. Tens of thousands of employees have built these units and brought joy to billions of passengers. But unfortunately, that run has now ended, as the final model of this line completed its production earlier in December 2022. The company built over 1,500 of these planes, many of which will remain operational for some time.

As the 747 era ends, Boeing continued to push for further innovation. New models include the 767, 777, and 787 lines. However, there are also the 787-10 Dreamliner, the 737 MAX, and the 777X. Moreover, the Boeing NMA is slated for release between 2025 and 2027, with the Y1/737RS coming after 2030 to replace the 737. As such, it will take until 2040 or later, until the official 747 replacement will arrive. 

Big Orders Spark Stock Excitement

Boeing stock has been on a bullish run in the past month. Although the price only moved up by 6.2%, the bullish sentiment increased by 129%. Moreover, bearish sentiment decreased by 30%, resulting in a 65.6% increase in social mentions and shared links. Overall, that is a solid performance given the global financial turmoil keeping all markets in its grip today. Moreover, the Boeing Co market cap hit over $112 billion, its highest level in the past three months. 

Fueling that success is some massive orders for new aircraft coming in. Air India agreed to purchase 190 Boeing MAX and 39 787s last week. The move comes as Air India aims to shake up its fleet and may include a future purchase of 777X long-range jets. Although Air India maintains a balance between Boeing and Airbus planes, they will also purchase new Airbus models over the coming years. 

Furthermore, United Airlines intends to acquire 100 787 Dreamliner jets soon. That would include an option to buy an additional 100 units later. United Airlines expects to add 700 new narrow and wide-body units to its fleet by 2032. Those will include the 787-8, 787-9, and 787-10 models. Moreover, there is a plan to acquire 44 Boeing 737 Max planes before 2026, with another 56 Max units to be delivered by 2028. 

These developments excite more people about $BA stock and its future price momentum. With such strong bullish sentiment and an overall positive price trend, 2023 could be an exciting year for the manufacturer.