Boeing (BA) stock surged 5.17% in intraday trading on Wednesday, outpacing the broader market as investors responded positively to a rally in airline stocks and anticipated the company's upcoming first-quarter earnings report.

The aviation giant's stock movement coincided with a significant uptick in airline shares, with Delta Air Lines leading the pack with an 8% increase following better-than-expected quarterly results. United Airlines, Southwest, and Alaska Air also saw gains of 4% to 5.6%, reflecting growing optimism in the aviation sector. This industry-wide rally likely contributed to the positive sentiment surrounding Boeing, a major aircraft manufacturer.

Investors are also turning their attention to Boeing's upcoming Q1 earnings report, scheduled for April 23, 2025. While analysts are projecting a loss of $1.44 per share, which is larger than the $1.13 per share loss reported in the same quarter last year, there are signs of potential long-term recovery. Analysts forecast a significant rebound for fiscal year 2026, with earnings expected to surge 227.2% to $2.85 per share. This optimistic long-term outlook may be helping to buoy investor confidence despite near-term challenges.

The stock's performance today marks a notable shift from its recent struggles, as Boeing shares had dropped 23.2% over the past year. As the company continues to navigate issues such as high costs and workforce adjustments, investors will be closely watching the upcoming earnings report for signs of progress and stability in Boeing's operations.