Following a lengthy hiatus, the Boeing 737 MAX aircraft is due to take to the skies once again, with American Airlines committing to feature this airplane in its flight schedule starting this December.
While the 737 MAX is yet to be recertified to fly, Wall Street is fairly optimistic about this decision’s potential positive impact on Boeing’s stocks. In fact, Boeing stocks have gone up by 0.4% in early trading, while the S&P 500 and Dow Jones Industrial Average are up 0.2% and 0.1%, respectively.
“Our Boeing 737 MAX return to service plans remain highly dependent on the FAA’s recertification process,” American Airlines explained in a statement. “To ensure American is ready to fly the 737 MAX once the aircraft is certified, our crew members must be able to bid their schedules for this line of flying.”
“We remain in contact with the FAA and Boeing on the certification process and we’ll continue to update our plans based on when the aircraft is certified.”
Another reason for optimism comes with the changing trends in airfare following the coronavirus pandemic. While commercial airlines continue to struggle, there has been an increase in demand in recent times, with one million passengers travelling in the US this past Sunday.
