Boeing Reports First profit Since Q3 2019

Boeing announced Wednesday, July 28, that it recorded its first quarterly profit in nearly two years, buoyed by an increase in commercial aircraft deliveries after the world’s airlines began to recover from the effects of the pandemic.

Boeing recorded a net income of $567 million, with adjusted earnings per share of 40 cents per share, compared to losses of 83 cents per share, as the aircraft manufacturer continued to record losses in 6 consecutive quarters, i.e. since the third quarter in 2019.

Boeing’s revenue was about $17 billion, compared to analysts’ estimates of $16.54 billion.