If Boeing expected investors to celebrate the surprising news that it had turned a profit in this year’s second quarter, it had another thing coming. Yes, the stock bounced up a bit after the company said it earned 40 cents a share in the period, its first quarterly profit since 2019—before the impact of two 737 MAX crashes and Covid-19 decimated its business. And there was more good news: Boeing reported that 175 countries have approved the resumption of the MAX for commercial flight, and that it has shipped more than 130 MAX jets since November.
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