Boeing announces poor quarter fro profits

Central America News.Net
Wednesday 28th July, 2010

Aircraft giant Boeing has revealed its net profit for the April through June quarter was down due to a fall in plane deliveries.

The firm delivered only 114 commercial aircraft during the second quarter, down from 125 a year earlier.

While the net quarter was $787 million, higher than analysts had expected, it was still down 21% on the same period last year.

The company has assured the market that its remains well positioned for growth in 2011 with its commercial markets in recovery mode.

This month, Boeing received a $9.1 billion order from Emirates and another from RBS Aviation Capital for 43 of its 737 aircraft.

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