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Why Boeing and Its Suppliers Are Up Today
It appears airlines are about to enter a new chapter in their post-pandemic recovery, and that should be bullish for airplane demand. Shares of Boeing (NYSE: BA) traded up 5%, and key suppliers, including Spirit AeroSystems Holdings (NYSE: SPR) and Triumph Group (NYSE: TGI), were up as much as 10% on a day full of optimism about the direction of the global recovery. Airlines were hit hard by the pandemic, and their issues rippled through to aircraft manufacturers and their suppliers.