Why Boeing Stock Is Gaining Today
Boeing (NYSE: BA) continues to show signs that its business is normalizing, and investors are taking note. Shares of the aerospace giant were up as much as 3% on Tuesday after a solid October order report and news of a fresh freighter deal with a key Middle Eastern airline partner.
It's been a rough few years for Boeing, as the company has flown through both issues with its 737 MAX and then the pandemic. The MAX was grounded in the U.S. for 18 months after a pair of fatal accidents, and by the time it was cleared to fly again, airlines were focused more on survival than on new airplane orders due to a COVID-related fall in demand.
But the MAX is airborne again and cleared to fly in most countries, and the airline industry has bounced back. Boeing is now looking to boost deliveries in order to increase cash flow and pay down some of the billions in added debt it took on during the crisis to make sure it survived.
Source Fool.com
