News Column

Boeing Profits Soar, Forecast Raised

July 24, 2013

Boeing, the world's largest airplane builder, Wednesday boosted its forecast for the current year as its second quarter profits surged.

Profits were up 13 per cent to 1.1 billion dollars against the same period last year. Revenues were up 9 per cent to 21.8 billion dollars.

Despite a series of safety concerns with its Dreamliners, the company said it expected revenues of between 82 billion and 86 billion dollars in 2013 - pushing the upper limit 1 billion dollars higher than previously projected.

Boeing has speeded up its assembly process for 737s, 777s and 787s to meet the demand for large jets in the global aviation boom.

In the second quarter alone, Boeing delivered 169 commercial aircraft - including 16 Dreamliners after regulators cleared the plane to fly again in April following fixes to its battery system after several on-board fires. Only six Dreamliners were delivered in the second quarter of 2012.

Second quarter production was 13 per cent higher than a year before.

The Boeing statement is available here.

Source: Copyright 2013 dpa Deutsche Presse-Agentur GmbH

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