Why Boeing Shares Are Higher Today
Shares of Boeing (NYSE: BA) were trading 5% higher at midday on Friday thanks to positive developments in the company's effort to get the 737 MAX airborne again.
The 737 MAX was grounded in March 2019 following a pair of fatal crashes, and has been a financial drag on the company in the quarters since. Boeing has continued to build the planes to try to protect the health of its supply chain, and it burned through nearly $10 billion in the first half of 2020 in large part due to payments and expenses related to the plane.
Image source: Boeing.
Source Fool.com
