Why Boeing Stock Just Popped 6.5%
Shares of Boeing (NYSE: BA) stock are up a strong 6.5% at 1:30 p.m. EDT Thursday -- and there could be a couple of reasons for that.
Reason No. 1: As Barron's pointed out this morning, the long-awaited rebound in air travel appears to be happening a bit sooner than expected, with American Airlines (NASDAQ: AAL) reporting that the number of passengers aboard flights in May grew 71% sequentially off of April, and that the airline is hoping to regrow its grounded capacity to about 55% of what it could fly domestically by July.
International flights should be back to 20% of normal as well, by July.
Source Fool.com
