Why Boeing Shares Took Flight in March
After two tough years weathering issues with some of its most important aircraft and a fall in demand due to the pandemic, Boeing (NYSE: BA) is finally showing signs that it is returning to business as usual. That helped propel the stock higher in March, with the shares up 20.1% for the month, according to data provided by S&P Global Market Intelligence.
Boeing has been flying through turbulence for a while now. The company's mainstay 737 MAX was grounded in March 2019 after a pair of fatal accidents, and in recent months it has had to halt deliveries of its 787 Dreamliner as well. The issues have caused free cash flow to dry up, but given airlines had to switch into survival mode to make it through the pandemic there hasn't been much demand for new jets anyway.
Image source: Boeing.
Source Fool.com
