Why Shares of Embraer Are Soaring Today
Shares of Embraer (NYSE: ERJ) climbed 14% on Thursday morning after the Brazilian aerospace company laid out its long-term vision for the market, its most complete statement since Boeing (NYSE: BA) walked a way from a deal to buy much of the company earlier this year.
In an investor presentation, Embraer outlined its commercial market outlook, and made its argument for why its smaller, more fuel-efficient E2 jets have an important role to play in that future. The company believes that airlines after the pandemic will focus on smaller, more versatile aircraft to match weaker demand.
Image source: Embraer.
Source Fool.com
