EADSY - Why Boeing and Its Suppliers Are Up Today
It appears airlines are about to enter a new chapter in their post-pandemic recovery, and that should be bullish for airplane demand. Shares of Boeing (NYSE: BA) traded up 5%, and key suppliers, including Spirit AeroSystems Holdings (NYSE: SPR) and Triumph Group (NYSE: TGI) , were up as much as 10% on a day full of optimism about the direction of the global recovery.
Airlines were hit hard by the pandemic, and their issues rippled through to aircraft manufacturers and their suppliers. With revenue collapsing and debt piling up, carriers were in no position last year to buy new aircraft, creating issues for Boeing, Airbus (OTC: EADSY) , and their supply chains.
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Why Boeing and Its Suppliers Are Up Today