Boeing profits rise 19% despite drop in revenue

Boeing reported a 19 per cent rise in quarterly profit and reaffirmed its full-year forecast for commercial airplane deliveries.

The world’s biggest maker of jetliners said it continues to expect to deliver 760-765 commercial aircraft in 2017.

Boeing earned $1.45 billion (€1.33bn), or $2.34 per share, in the first quarter ended March 31st, compared with $1.22 billion (€1.12bn) , or $1.83 per share, a year earlier.

The company’s core earnings, which exclude some pension and other costs, rose to $2.01 per share from $1.74 a year earlier. Revenue fell 7.3 per cent to $20.98 billion (€19.27bn).