Boeing 's (NYSE: BA) 787 Dreamliner has passed a crucial inspection, and the company has a truce with workers to avoid a strike, at least temporarily. Investors are excited, sending Boeing shares up as much as 6.6% on Monday morning.
Boeing has been flying through turbulence for the last few years. The pandemic reduced demand for air travel, which in turn stalled airline demand for new airplanes. Even before the pandemic, the company was dealing with quality issues stemming from the 18-month grounding of its 737 MAX aircraft following two fatal crashes.
The 787 Dreamliner got caught up in the investigation into Boeing quality control practices following the 737 MAX grounding. Deliveries have been halted since late 2020 as the company and the Federal Aviation Administration (FAA) worked through ways to inspect for and repair tiny cracks in the Dreamliner's carbon fiber airframe. An estimated 120 of the 787 jets, worth about $300 million apiece at list price, have been built but not delivered during the halt.
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Why Boeing Stock Is Flying High Today