Sydney Sun
SydneySun.com Tuesday 14th February 2012 Volume 045/10
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    Boeing profits down while expectations rise
    Sydney Sun
    Thursday 29th July, 2010  


    Aircraft giant Boeing has revealed its net profit for the April through June quarter was down due to a fall in plane deliveries.

    The firm delivered only 114 commercial aircraft during the second quarter, down from 125 a year earlier.

    While the net quarter was $787 million, higher than analysts had expected, it was still down 21% on the same period last year.

    The company has assured the market that its remains well positioned for growth in 2011 with its commercial markets in recovery mode.

    This month, Boeing received a $9.1 billion order from Emirates and another from RBS Aviation Capital for 43 of its 737 aircraft.


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