Why Boeing Stock Is Up Today
Shares of Boeing (NYSE: BA) gained nearly 5% on Thursday morning following a report that the company is close to winning what could be a massive order from Southwest Airlines (NYSE: LUV). It's an order Boeing couldn't afford to lose, and investors are understandably excited it might finally be done.
Southwest has been a Boeing customer since day one, for most of its history exclusively flying 737s. But earlier this year reports surfaced that the airline wasn't completely pleased with what Boeing and engine partner General Electric (NYSE: GE) were offering to replace its 1990s-era 737-700 jets, opening the door for Airbus (OTC: EADSY) to offer its A220-300.
Image source: Southwest Airlines.
Source Fool.com
