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6/8, 5:50 PM (Source: TeleTrader)
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Boeing surges over 13% as aviation industry eyes recovery

Boeing Company soared more than 13% on Monday with airlines looking to bounce back from the coronavirus crisis as travel demand recovers after lockdowns imposed over the pandemic.

Austrian Airlines reportedly agreed on a €600 million rescue package with the Austrian government to curb the impact of coronavirus. Meanwhile, Ryanair said it will not cancel its flights from and to the United Kingdom even if the country's 14-day mandatory quarantine upon arrivals remains.

Boeing's shares jumped 12.46% at 11:35 am ET, trading for $231.02.

Breaking the News / GA