Boeing Shares Take Off After China Southern Airlines Test Flight

China Southern Airlines Co Ltd ZNH flew test flights with a Boeing Co BA 737 MAX plane this week for the first time since March, reported Reuters, citing flight tracking websites.
According to Variflight data, the airline last flew the plane on March 14, a week before the tragic crash of an earlier-generation 737 of China Eastern Airlines Corp Ltd. CEA.
The report noted the MAX flights indicate improving travel demand in China as the airline industry starts to rebound from a two-month-long lockdown of the financial centre Shanghai.
The report cited OAG data that Chinese airlines increased capacity by 8% this week compared to the previous week.
Price Action: BA shares are trading higher by 6.75% at $130.40, ZNH higher by 1.58% at $25.44, and CEA higher by 1.37% at $17.05 on the last check Wednesday.