Boeing increases profit forecast . 21 Oct 2015 16:59
Boeing, the US company that together with Airbus dominates the commercial aircraft industry, has raised its profit and revenue forecast for the year.
The Seattle-based company on Wednesday lifted its full-year profit forecast to a range of $7.65 a share to $7.85 a share, up from $7.60 to $7.80. Revenues will be higher too, with the Seattle-based company raising its estimate by $500m to a range of $95bn and $97bn.
Boeing put the rosier outlook down to "higher commercial airplane deliveries."
Aerospace has so far proved more immune from the slowdown in emerging market economies. In August, Boeing raised its forecast for demand for commercial aircraft from China over the next 20 years as more of the population flies.
Boeing shares jumped 3.7 per cent in pre-market trading.
After topping the ranks of the Dow Jones Industrial Average in 2013, Boeing shares slipped 4.8 per cent last year but have rebounded almost 7 per cent in 2015.