A GOL Boeing 737-800 aircraft.
Fabio Lima/ AFP via Getty ImagesIt took about 631 days, but the Boeing MAX 737 jet is carrying passengers again.
Brazilian airline Gol Linhas Aereas Inteligentes (ticker: GOL) flew passengers on a Boeing (BA) 737 MAX on Dec. 3. The flight wasn’t for paying customers. CEO Paulo Kakinoff, vice president of operations Celso Ferrer, and board member Joaquim Constantino flew with their families.
Other airlines have similar flights planned to help build back public confidence in the trouble jet.
Gol is Brazil’s largest air carrier and, before the pandemic, conducted more than 700 daily flights to 60 destinations. The company operates an all-Boeing fleet and has about 120 MAX jets on order.
The news doesn’t seem to be affecting either stock. Boeing shares are down 2.2% in Friday trading. Gol stock is down 1.5%. The S&P 500 and Dow Jones Industrial Average are both up about 0.6%.
The MAX is one of the issues dominating Boeing and its airline customers, but it isn’t the only one.
The Covid-19 pandemic also hasn’t been kind to either stock. Gol stock is down about 42% year to date. Boeing shares are down 28% year to date and about 45% since the second fatal MAX crash, which occurred on March 10, 2019 and involved an Ethiopian Airlines flight.
The MAX coming back is good news for both stocks. News about vaccines is also helping. Boeing shares are up 30% since Nov. 6 when Pfizer (PFE) announced its Covid-19 was effective and could be ready to distribute in December. Gol shares have gained 34% over the same span.
Write to Al Root at allen.root@dowjones.com
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