EADSY - GE soars to three-year closing high on air travel jet demand optimism

General Electric (GE) shares score their highest close in three years, surging 7.1% in today's trading to lead the S&P 500, as Boeing (BA) and its suppliers rallied in response to news that planemaking rival Airbus (EADSY) is preparing to gear up production of its A320-series jets beyond pre-pandemic levels within two years.Boeing is GE's second-largest customer while Airbus ranks third, according to Bloomberg data.Also rising today in a broad rally for aerospace stocks: [[TGI]] +10.7%, [[SPR]] +6.3%, [[HON]] +3.1%, [[RTX]] +2.4%, [[LHX]] +1.9%.After the close, GE CFO Carolina Dybeck Happe reportedly said the company expects to burn less cash in the current quarter than in the year-earlier period, continuing a Y/Y improvement in cash generation.Also, GE amended a $15B revolving line of credit set to expire in 2023, lowering the available principal to $10B and extending the maturity date into 2026, according to an 8-K filing.Praising GE's substantial progress in

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GE soars to three-year closing high on air travel, jet demand optimism