Boeing has delivered three 777 cargo freighters to Qatar Airways, marking Boeing's 200th 777 freighter delivery since the program began in 2005.
The 777 is the world's largest and most capable twin-engine cargo plane and is Boeing's (BA) best selling freighter aircraft.
Qatar Airways Cargo now operates twenty four 777 models and is one of the leading air cargo carriers in the world, serving more than 60 freighter destinations worldwide via its hub in Doha.
Air freight is increasingly playing a pivotal role amid the COVID-19 pandemic, as newly approved vaccines will need to be transported all over the world.
The 777 Freighter's long range translates to significant savings for Qatar Airways Cargo. It can fly 4,970 nautical miles (9,200 kms) and carry a payload of 224,900 pounds (102,010 kg), meaning fewer stops, landing fees, congestion, cargo handling costs and delivery times.
Qatar Airways Boeing 777 aircraft. Qatar Airways was awarded the World's Best Business Class 2018 accolade by Skytrax. Qatar Airways operates this Boeing 777-300ER with their Qsuite product on a variety of long-haul destinations. Qsuite offers ambient mood lighting, fully lie-flat beds and generous storage space, creating a new standard in comfort.
Casiplay. Ihssane Mounir, senior vice president of Commercial Sales and Marketing at Boeing, said, 'We deeply appreciate our long-standing partnership with Qatar Airways and their confidence in the 777 Freighters as the backbone of their expansive global air cargo operations.'
He commended Qatar Airways Cargo for its efforts in providing humanitarian relief and medical goods to those in need and said he is proud that the growing fleet of 777 Freighters can support such an important cause. (See BA stock analysis on TipRanks)
RBC Capital analyst Michael Eisen reiterated his Buy rating on the stock two weeks ago and set a price target of $307. This implies upside potential of around 43% from current levels.
Eisen explained his bullish sentiment by specifically mentioning the daily increases in the 737 Max commercial plane activity since being brought back into service on December 9, 2020. The 737 Max had been grounded since 2019 following two fatal crashes that killed 346 people.
Overall, consensus among analysts is a Moderate Buy based on 8 Buys, 8 Holds and 3 Sells. The average price target of $229.06 suggests upside potential of around 7% over the next 12 months.
Boeing 777 Qatar Business Class
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Qatar Airways has one of the world's two best business class products, QSuites. They also have a very special first class lounge, but that's mostly been welcoming to regional first class passengers (of which there are fewer during the regional blockade against Qatar itself).
International first class has been a product only on the airline's Airbus A380 aircraft. For the most part they'e flown that only to a couple of destinations in Europe and Bangkok, though that was extended to fly all the way to Auckland. The A380 first class product is surprisingly weak. Live play casino online.
Qatar Airways A380 First Class
Qatar Airways A380 First Class
Qatar Airways To Retire All Boeing 777-300ERs 'over The Next ..
Boeing has delivered three 777 cargo freighters to Qatar Airways, marking Boeing's 200th 777 freighter delivery since the program began in 2005.
The 777 is the world's largest and most capable twin-engine cargo plane and is Boeing's (BA) best selling freighter aircraft.
Qatar Airways Cargo now operates twenty four 777 models and is one of the leading air cargo carriers in the world, serving more than 60 freighter destinations worldwide via its hub in Doha.
Air freight is increasingly playing a pivotal role amid the COVID-19 pandemic, as newly approved vaccines will need to be transported all over the world.
The 777 Freighter's long range translates to significant savings for Qatar Airways Cargo. It can fly 4,970 nautical miles (9,200 kms) and carry a payload of 224,900 pounds (102,010 kg), meaning fewer stops, landing fees, congestion, cargo handling costs and delivery times.
Qatar Airways Boeing 777 aircraft. Qatar Airways was awarded the World's Best Business Class 2018 accolade by Skytrax. Qatar Airways operates this Boeing 777-300ER with their Qsuite product on a variety of long-haul destinations. Qsuite offers ambient mood lighting, fully lie-flat beds and generous storage space, creating a new standard in comfort.
Casiplay. Ihssane Mounir, senior vice president of Commercial Sales and Marketing at Boeing, said, 'We deeply appreciate our long-standing partnership with Qatar Airways and their confidence in the 777 Freighters as the backbone of their expansive global air cargo operations.'
He commended Qatar Airways Cargo for its efforts in providing humanitarian relief and medical goods to those in need and said he is proud that the growing fleet of 777 Freighters can support such an important cause. (See BA stock analysis on TipRanks)
RBC Capital analyst Michael Eisen reiterated his Buy rating on the stock two weeks ago and set a price target of $307. This implies upside potential of around 43% from current levels.
Eisen explained his bullish sentiment by specifically mentioning the daily increases in the 737 Max commercial plane activity since being brought back into service on December 9, 2020. The 737 Max had been grounded since 2019 following two fatal crashes that killed 346 people.
Overall, consensus among analysts is a Moderate Buy based on 8 Buys, 8 Holds and 3 Sells. The average price target of $229.06 suggests upside potential of around 7% over the next 12 months.
Boeing 777 Qatar Business Class
Related News:
Piper Sandler Completes TRS Advisors Acquisition
New York Life Snaps Up Group Life & Disability Insurance Business From Cigna For $6.3B
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Qatar Airways has one of the world's two best business class products, QSuites. They also have a very special first class lounge, but that's mostly been welcoming to regional first class passengers (of which there are fewer during the regional blockade against Qatar itself).
International first class has been a product only on the airline's Airbus A380 aircraft. For the most part they'e flown that only to a couple of destinations in Europe and Bangkok, though that was extended to fly all the way to Auckland. The A380 first class product is surprisingly weak. Live play casino online.
Qatar Airways A380 First Class
Qatar Airways A380 First Class
Qatar Airways To Retire All Boeing 777-300ERs 'over The Next ..
Up until this past summer it was my expectation that the demise of the A380 on Qatar would mean the end of the airline's offering a long haul first class. However the airline's CEO Akbar Al Baker says not so fast.
'We are studying the possibility of having a very exclusive first class cabin of just four seats, for example,' Al Baker says, describing it as a deliberately 'very niche product' aimed at well-heeled Qatari travellers.
Boeing 777 Qatar Airways Seat Map
'We have huge demand here in Qatar to two or three European destinations' such as London and Paris, Al Baker explains, 'so we may introduce a very small first class cabin for our local passengers who want a very exclusive first class product.'
Boeing 777 Qatar Business
The airline will have a subfleet of their new Boeing 777-9s, serving limited routes like London and Paris, that will offer first class. This will be a small number of planes, and probably offer just four suites.
We won't see the product for awhile as aircraft with first class won't be among the initial deliveries of these new planes. In fact it could be 2028 before we see it.
Qatar Airways Boeing 777 Seatguru
And anything that's projected out to 2028 isn't just far from certain, but more in the realm of entirely speculative, at this point. However any first class that does materialize will have to be better than QSuites, and indeed better than whatever QSuites are 8 years in the future. Combine that with Qatar's outstanding service and catering it has the potential to be a fantastic product.
