Why Embraer Stock Popped 13% This Morning
That Global airlines are in trouble is not exactly news. As passenger traffic dries up in the Age of Coronavirus, and airlines ground their air fleets, this also isn't great news for manufacturers of airplanes.
Perhaps this is the reason that even just a little good news went a long way for Brazilian plane maker Embraer (NYSE: ERJ) this morning, which saw its stock price shoot up nearly 13% (and it's still up a good 7.5% as of 12:15 p.m. EDT) on news not even of a new airplane sale, but simply the conversion of an existing order for a couple of airplanes into an order for some slightly bigger airplanes (and hopes for the sale of some more).
Image source: Embraer.
Source Fool.com
