737 Max’s return benefits this company even more than Boeing

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Marcum Chairman and CEO Jeffrey Weiner shares his thoughts on Boeing, Tesla and Amazon stock. Spirit AeroSystems Inc. is the biggest winner from the Federal Aviation Administration’s decision to allow the Boeing 737 Max aircraft to return to service, according to the Swiss bank UBS. Continue Reading BelowThe Wichita-based parts manufacturer produces about 70% of the Max, including the fuselage, and makes more than $6 million per plane. More than half of Spirit’s earnings are tied to the program, and the company has laid off thousands of workers amid a restructuring program that was announced in the wake of COVID-19 and the single-aisle jetliner’s grounding.TickerSecurityLastChangeChange %SPRSPIRIT AEROSYSTEMS HOLDINGS INC32.43-0.16-0.49%BABOEING COMPANY199.62-6.05-2.94%LUVSOUTHWEST AIRLINES CO.45.55-0.52-1.13%Southwest Airlines, which relied more heavily on the 737 Max than rival U.S. carriers, also benefits significantly, UBS said. While the decision is a huge win for Boeing itself, the Chicago-based company also draws revenue from sales of larger commercial jetliners and its military-contracting businesses.Boeing’s expansive backlog of Max orders “has been most negatively affected by the drop in demand as customers could cancel delinquent deliveries without penalty and that could continue,” wrote a team led by UBS analyst …

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