Is Boeing Stock Is Ready For Lift-Off ?

Aerospace giant Boeing (NYSE: BA) stock has rallied strong off its post-pandemic lows at $113.02 to cut its losses on the year to (-24%).

While the pandemic crushed Boeing, it is reaping the benefits of rebound in the epicenter travel industry.

Boeing also recorded positive cash flow of $100 million which is a vast improvement from a year ago.

The Company is waiting on the Federal Aviation Administration (FAA) clearance to start deliveries on the 787.

The Company has a backlog of $372 billion which includes over 4,200 commercial airplanes.

There is heavy speculation for Boeing to return to profitability in fiscal Q3 2022 as it emerges from the 737 MAX disaster.

Prudent investors looking for exposure in the recovery of air travel can look for opportunistic pullbacks in Boeing.