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Boeing reports surging profits despite Dreamliner problems

DPA New York | Updated on July 25, 2013 Published on July 25, 2013

Boeing Co reported higher profits on Wednesday for the second quarter and hiked its earnings forecast.

Second-quarter net income was $ 1.09 billion, up from $ 967 million in the second quarter of 2012.

The world’s largest aircraft manufacturer credited more deliveries of planes and falling costs in the production of its 787 Dreamliner, despite the much-publicized battery problems and other questions that have delayed the new model’s roll-out to airlines.

Earnings for 2013 will be at least $ 6.20 per share, the company said, a jump of 10 cents from its previous forecast.

Boeing expects to deliver 635 to 645 aircraft this year in a booming market for large jets.

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Published on July 25, 2013
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