Boeing Reports Profit For The First Time in Almost Two Years
Boeing Co (NYSE:BA) reported profit for the first time in six quarters, thanks to the travel industry comeback and the increased deliveries of its best-selling 737 MAX aircraft. Q2 2021 hedge fund letters, conferences and more Travel Industry ComebackThe overall spread in global COVID-19 vaccinations is seen as the macro driver behind the company’s encouraging second-quarter results. As informed by Reuters, “The 737 MAX is integral to Boeing's financial recovery, as the U.S. planemaker scrambles to recoup billions of dollars in lost sales from the pandemic.” Boeing bounced from a net loss of $...