During the current trading session, BA stock is already up by 1.58%, hitting the 242$ mark. Looking back, the company’s stock has plunged in January 2020, when corona started, they collapsed sharply: from $366 to miserable $149 in just 3 months. Today we are witnessing a rise in stock price over such a long period. However, a staffing deficit is on the horizon, so is the BA stock a good investment?
Late Friday, Boeing said that the 737-10, the biggest plane in the 737 Max family, had conducted a “successful” first flight, beginning the plane’s test program. After testing and certification, the aircraft is anticipated to begin flying in 2023. The 737-10 is a significant element of our clients’ fleet plans because it provides them with more capacity, better fuel efficiency, and better economics on single-seat aircraft.
After ending the regular trading day with 0.8% down, Boeing stock stayed stagnant in the extended session on Friday. Boeing announced in early April that the 737 Max planes were experiencing a new electrical issue. After two tragic incidents in late 2018 and early 2019 involving a defective stall prevention system, the Max aircraft have been grounded for over two years. Investors are looking for further information on the Boeing projects, as well as an improvement in the corona situation, which has a direct impact on the tourism business.