Boeing stock takes off after landing $40 billion deal with Ryanair

Yahoo Finance Live checks out shares of Boeing following the manufacturers recent deal with airline Ryanair.

Video transcript

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SEANA SMITH: It's time for our Triple Play, three stocks that we're watching in the final 10 minutes of trading. We've got Boeing, Under Armour, and Disney. Let's kick it off with Boeing, my pick today.

The stock moving higher, up just about 2% in the final couple of minutes of trading. Boeing securing a huge order from Ryanair worth $40 billion. Now the budget carrier agreeing to buy up to 307 37 Max Jets. Deliveries are going to start in 2027. And they will replace many of Ryanair's older aircraft.

Now, in a statement, Ryanair Group CEO said that the new planes are going to offer 21% more seats while also burning 20% less fuel. And it wasn't all though good news for Boeing. We did see shares pull back from the highs of the session for just a bit after the company announced that its April deliveries fell by about half, comparing that to the March numbers that was due to a manufacturing defect. But [? Ally, ?] it looks like the Street is really focused on that order from Ryanair and what that could mean for maybe other orders here going forward given the recovery that we're starting to see in travel.

ALEXANDRA CANAL: Yeah, and I think it's across the board, right? We've heard positive news on the cruise line side, obviously with flights and airlines. That's a big deal as well. You know, Ryanair, I had a flight on Ryanair a few years ago.

SEANA SMITH: Was it a positive [INAUDIBLE]?

ALEXANDRA CANAL: It was not a positive experience. The plane landed on its side. And then we eventually leveled out. But we all lived to tell this story.

SEANA SMITH: They need new planes.

ALEXANDRA CANAL: They need new planes. I think it's the 20% increase for the amount of people, that'll be interesting. I hope that doesn't mean smaller seats. Because Ryanair is not the most comfortable airline. But, yeah, the return of travel. I think is definitely a big story that's driving the recovery.

JOSH SCHAFER: And it'll be interesting to see how Boeing-- not to say that there was a defect on the plane that you were on--

ALEXANDRA CANAL: Right.

JOSH SCHAFER: --but overall deals with those defects, right? Because that was the big story a couple weeks ago when you go back to earnings for Boeing was the profit and how these defects have sort of weighed on what Boeing is able to do. Again, seeing a demand boost here in that top line continuing to grow. They reaffirmed guidance. But the problem has been profits. So what's going to come from Boeing in terms of avoiding some of these defects and being able to take advantage of demand will certainly be interesting to watch throughout the rest of the year.