Boeing Company (NYSE:BA) shares are rebounding as investors reassess last week’s guidance reset amid a broader market rally, with falling oil prices and optimism over U.S.-Iran diplomacy supporting risk appetite.
Separately, Boeing secured an agreement with Icelease on Monday to convert one 767-300 aircraft into a freighter, with options for two additional conversions.
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The first aircraft will enter conversion in the first quarter of 2027, with delivery expected in the second quarter of 2027. The work will be carried out at ST Engineering’s facilities in Singapore.
The converted aircraft will expand IAT Leasing’s cargo fleet, which already includes seven Boeing 737-800 converted freighters and other cargo aircraft. The 767-300BCF can carry 57 tonnes of cargo over a range of 3,300 nautical miles.
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Last week, Boeing reported third-quarter 2026 results that topped Wall Street’s revenue expectations but missed adjusted earnings estimates.
The company reported a core non-GAAP loss of 34 cents per share, compared with analysts’ expectations for a loss of 21 cents per share.
During the earnings call, Boeing said it expects the 787 program to deliver a stronger long-term margin recovery than the 737, highlighting an uneven financial outlook across its commercial aircraft portfolio.
The company also provided a stronger outlook for the 787, with its margins expected to exceed 2018 levels by 2029 on both a percentage and absolute-dollar basis. The CFO said the combined impact would be a net benefit in 2029.
BA Stock Price Activity: Boeing shares were up 2.77% at $176.30 at the time of publication Monday.
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