Why Shares of Boeing Are Up Today
Shares of Boeing (NYSE: BA) continued their upward climb on Tuesday after European regulators cleared the way for the company's 737 MAX to return to service. It appears at least one European airline is eager to buy, helping send Boeing shares up 5% in midday trading.
Boeing has had a rough year, weighed down by issues with the 737 MAX and the pandemic's impact on commercial aviation. Both of those headwinds have been receding of late, however, with the Federal Aviation Administration (FAA) giving the green light for the MAX to fly again in the U.S. and airlines getting a boost from progress toward finding a COVID-19 vaccine.
Image source: Boeing.
Source Fool.com
