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  • Pierre Fournier

Prof. Fournier Press Review: March 7 – March 11

Agenda: Boeing, McDonald`s, Chevron, Ryanair, Imperial Oil.

Boeing gives information about its Dreamliner and the 737 MAX. According to CNBC, Aircraft manufacturer Boeing continues to have problems with its 787 Dreamliner aircraft. Indeed, in the disclosure of the latest quarterly results, the company mentioned a special charge of more than 3 billion dollars given the production problems associated with the delay in delivery of the Dreamliner. For the full year of 2021, the company recorded a financial loss of over $4 billion. For the majority of 2021, Boeing dealt with issues associated with the production of its aircraft, including different sections of the aircraft itself. On the other hand, Boeing mentions that several of its current and new customers have demonstrated much satisfaction with the 737 Max model.

Excellent quarterly results for McDonald’s. With more than 38,000 outlets globally, the fast-food company’s revenue increased by more than 12% or more than $5.74 billion for the last quarter. According to CNBC, for the territory of the United States, McDonald’s increase in sales is associated with the rise in the price of the food that the company uses for production. As for the increase in its sales in Europe, the company benefited from fewer restaurants being closed due to Covid-19 than the same quarter a year earlier.

A great 2021 year for energy producer Chevron. Chevron is benefiting from rising oil and natural gas prices. Indeed, since March 2020, energy prices have more than doubled with the reopening of the world economy; the demand for energy is clearly on the rise. According to the New York Times, for the year 2021, Chevron mentions that its production corresponded to approximately 3 million barrels of oil per day, which is a significant increase compared to 2020. For 2021, Chevron’s profits increased by more than 70 % compared to 2020.

Good quarter earnings for Ryanair. According to CNBC, Ireland's Ryanair has largely reduced its financial loss for the last quarter. Although the Omicron variant slowed air traffic for a few weeks in December, the company's revenue nearly quadrupled compared to the same quarter a year earlier. Ryanair has been very “proactive” in offering very attractive fares and deals to its customers to ensure that when flight restrictions are lifted, the company will be in a good position to win new customers at the expense of the competition.

Excellent quarter for Imperial Oil. The Imperial company specializing in energy declares a profit for its last quarter. The main reason for this gain is the same for most companies specializing in the same field, that is to say, the spectacular rise in oil prices for about a year. According to Zone Bourse, the Alberta company also announces good news to its shareholders, increasing more than 25% in its dividend. The company also mentions that the cold winter we have been experiencing in North America since January 2022 is another factor that is expected to help boost demand for oil prices.


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