Wednesday 24 October 2018 7:29 pm

Flying high: Boeing sets sights on record-breaking year


Shares in Boeing rose today as the company said it was on track to deliver a record year of plane sales.

It also revised its full-year core earnings forecast to between $14.90 and $15.10 per share, a four per cent increase.

Read more: Boeing braced for tariff rises as US-China trade war continues

Revenues rose four per cent to $25bn (£19bn), while the company’s net earnings grew by almost a third to $2.3bn.

The Chicago-based plane maker plans to build on its One Boeing strategy to become a more international business.

Chinese airlines are expected to buy 7,690 new planes with a total cost of $1.2 trillion over the next 20 years as demand grows in the country, Boeing said.

Read more: Airbus close to appointing Guillaume Faury as next chief exec

Boeing chief executive Dennis Muilenburg said: “Our teams continued to perform at a high level during the quarter, driving solid operating performance and robust cash generation, and continuing to deliver on our One Boeing advantage by bringing the best of Boeing to our customers.”

The company’s share increased 3.5 per cent to $363 yesterday.