Boeing impresses analysts
Boeing has surprised analysts with better-than-expected results in the first quarter.
Thanks to airlines updating their fleets with more fuel-efficient 737 aircraft, the US giant reported net profit of $923m (£572m) for the first three months of the year, up 58% from the same period last year.
During that time it delivered 137 commercial aircraft, compared to 104 in the first quarter of 2011.
As a result of the positive announcement, Boeing shares rose 3.5% in early trading in New York.
Chief executive Jim McNerney said: “Our outlook for the year remains positive, and our team is focused on meeting our commitments to customers, profitably increasing commercial airplane production and delivery rates, and building on our strong position in defence, space and security markets."
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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