American Airlines flies Boeing 737 MAX jets again
American Airlines is flying Boeing's 737 MAX jets again. Yahoo Finance's Jared Blike shares how airlines are faring on Thursday.
Video Transcript
ZACK GUZMAN: We want to spotlight the market action we're seeing play out right now in Boeing shares, trading near session highs, up by about 7% today after that company is seeing a big boost with the return of the Boeing 737 MAX to the air. We saw that flight yesterday from Dallas to Oklahoma there. And Boeing shares on the move. For more on that, I want to get to Yahoo Finance's chart master Jared Blikre with the latest. Jared?
JARED BLIKRE: Well, we got news on several fronts here. First of all, American Airlines is returning the 737 MAX to the sky. They're going to be the first ones to do it. And they're trotting it out with a big media event, kind of showcasing the pilots and also letting customers view the plane at airports, presumably to make people a little bit more comfortable with the airplane, given everything that's going on here.
But also, Ryanair is adding to an existing 737 MAX purchase. They're going to be buying 75 more. They are Europe's most profitable, or at least best run, airline by a number of measures. And this would be an additional $9.4 billion for Boeing-- less discounts, and there are always discounts. But largely, analysts are saying, this is a seal of approval and pretty good news. Dave Calhoun, he's saying, in a statement, Ryanair is, once again, placing confidence in Boeing 737 family and building their future fleet with this in large firm order.
And we're also seeing some other news in the airline realm. So let's take a look at our travel sector heat map here. We got Southwest up 3%. We got Delta up 5%, saying it's going to return to break-even by next year-- early next year. Also Carnival Cruise Line, for that matter, in the travel industry, up 8%. So the sector as a whole really getting a boost here, guys.
ZACK GUZMAN: All right, Jared bringing us the latest on that front, appreciate that.
