(Reuters) – Boeing Co topped expectations with both quarterly profit and its forecast for 2019 cash flow on Wednesday, as a boom in air travel underpinned a prediction for full-year deliveries of around 900 commercial airplanes.
The company said it expects to deliver between 895 and 905 commercial aircraft in 2019, up from the 806 units it delivered last year, which kept it ahead of rival Airbus as the world’s biggest planemaker for the seventh straight year.
Boeing - Shares - Percent - Trading - Response
Boeing’s shares rose 6.4 percent to $388.25 in early trading in response, helping lift the U.S. stock futures.
Investors closely watch the number of planes Boeing turns over to airlines and leasing firms in a year for hints on the company’s cash flow and revenue.
Wake Up To Breaking News!