Dreamliner crisis doesn’t dampen Boeing profits
Boeing has managed to surprise analysts with stronger than expected first quarter profits despite problems with its 787 Dreamliner aircraft.
Although revenues were down 3% to $18.9bn, partly due to lower 787 deliveries, net income for the first three months of 2013 jumped 20% to $1.1bn (£720m).
Announcing the results, Boeing chairman, president and CEO Jim McNerney said Dreamliner deliveries would resume in early May.
“Our first priority in the days ahead is to fully restore our customers’ 787 fleets to service and resume production deliveries," he said.
"Our outlook for the year is positive, and our financial and delivery guidance is reaffirmed as we remain focused on the profitable ramp up in commercial airplane production rates, disciplined execution of our development programs, and continued growth in core, adjacent and international defense and space 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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