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Boeing (BA) up 5% on UPS jet order

By Joyanta Acharjee

16:32, 21 December 2021

A UPS 767 freighter in flight
Air cargo demand has surged – Photo: Shutterstock

Boeing (BA) stock rose Tuesday on news that United Parcel Service (UPS) ordered 19 new freight jets with a plan to take delivery between 2023 and 2025.

In late morning trading, Boeing was up 5% at $198.34, while UPS was up 1.7% at $205.96.

“Our plan to purchase 19 aircraft and take delivery between 2023 and 2025 aligns with the strategy and capital expenditure forecast shared during our June 2021 Investor and Analyst Day. It also supports our sustainability efforts by making our fleet more efficient and improving reliability,” UPS US operations president Nando Cesarone said in a press release.

Surging cargo demand

In 2021, air cargo demand has surged due to an expansion of e-commerce and express cargo markets, the company said.


39,743.35 Price
+0.240% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00


2,072.25 Price
+1.760% 1D Chg, %
Long position overnight fee -0.0193%
Short position overnight fee 0.0111%
Overnight fee time 22:00 (UTC)
Spread 0.30


16,001.20 Price
+0.470% 1D Chg, %
Long position overnight fee -0.0262%
Short position overnight fee 0.0040%
Overnight fee time 22:00 (UTC)
Spread 7.0

Oil - Crude

74.50 Price
-1.560% 1D Chg, %
Long position overnight fee -0.0136%
Short position overnight fee -0.0083%
Overnight fee time 22:00 (UTC)
Spread 0.040

UPS has been using the freight version of Boeing’s 767 jet since 1995.

In total, the company has ordered 91 of the aircraft, Boeing said. The 767 carries up to 52.4 tons of cargo with intercontinental range.

Boeing said Tuesday’s deal adds to a record-breaking year for freight jet sales, including 80 firm orders for new wide-body jets and more than 80 orders for Boeing converted freighters.

Read more: Southwest Airlines shares turbulent as cancellations continue

Markets in this article

Boeing Co (Extended Hours)
234.10 USD
2.25 +0.970%
Boeing Co (Extended Hours)
234.10 USD
2.25 +0.970%
United Parcel
154.98 USD
3.33 +2.200%
United Parcel
154.98 USD
3.33 +2.200%

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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