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Airbus share price has staged a strong recovery in the past few weeks as the aviation industry rebounds. The stock jumped to a high of €115 this week, which was about 32% above the lowest level this year. YTD, the stock has dropped by about 4%, meaning it has outperformed Boeing, whose shares have collapsed by over 20%. Is Airbus a good industrial stock? Airbus is a leading industrial company that operates in several industries. The firm manufactures commercial aircraft, helicopters, defence equipment, space, and security systems. It is the second-biggest company in the industry after Boeing. Airbus stock price has outperformed that of Boeing by far in the past few years. In the past five years, the stock jumped by more than 40% while Airbus crashed by over 30%. This divergence happened as Boeing went through its deepest crisis on record. It was forced to halt the production of 737-Max and 787, two of its best-selling planes. Airbus Group has had a strong recovery in the past few months as more airlines have placed large orders. Companies like China Southern, United Airlines, Jet Airways, and Air Canada have announced large orders this year. In total, the company’s order intake for the nine months of the year rose to 647, a 386% increase from the 133 it had in 2021. Its order book rose by 5.8% to 7,294. Its helicopter order intake rose by 33% to 246 while its defence and space order intake dropped to €7.9 billion. The most recent results showed that the company delivered 437 commercial aircraft in the first 9 months of the year. Its EBIT rose to €3.5 billion while free cash flow rose to €2.6 billion. The company also benefited substantially from the strong US dollar. Its net income retreated to €2.5 billion. Airbus is a good investment because of its strong demand for its products. The firm is also working to lower its operating cost and is set to benefit as the civil and defence spending rise. Airbus share price forecast The daily chart shows that the Airbus SE share price has been in a strong bullish trend in the past few months. It managed to move above the important resistance level at €111.10, the highest level on August 16. The shares have moved above all moving averages. The Stochastic Oscillator has formed a bearish divergence pattern. Airbus stock price has also formed a bullish flag pattern. Therefore, there is a likelihood that the shares will keep rising as buyers target the next key resistance level at €120.50. A drop below the support at €111 will invalidate the bullish view.