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Boeing flies high in profits and plane deliveries

Boeing flies high in profits and plane deliveries
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US planemaker Boeing has reported a 12 percent jump in quarterly profit per share.

Investors were also impressed by an increase in aircraft deliveries as Boeing builds them faster.

That countered the effects of a slowdown in sales at its defence division.

The company did however leave unchanged its full-year revenue forecast at between $83 billion and $86 billion, and its target for delivering between 635 and 645 commercial aircraft for the whole year.

In the first nine months, Boeing delivered 476 planes, including 170 in the latest quarter. That means it needs to deliver 169 in the fourth quarter to hit the top end of its target.

Jumbo problems for Airbus

Airbus is poised to review its A380 superjumbo after a slump in orders and has not ruled out shaving output of the world’s largest jetliner while waiting for the economy to come to its rescue.

Despite aggressive marketing, sales of the 525-seat double-decker are running at idle as in tough times many airlines are focusing on narrower, lighter, two-engined models, including Airbus’s own A350.

Boeing recently decided to cut production of the latest version of its 747 jumbo, while nearing a decision to launch a 406-seat version of its 777 twinjet.

Airbus has not booked a firm A380 order this year but has taken three cancellations. It has sold a total of 259.

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