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Strong travel demand lifts Boeing in first quarter

Strong travel demand lifts Boeing in first quarter
The Associated Press

CHICAGO (AP) — Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter.

Earnings reported Wednesday were $2.48 billion, or $4.15 per share. Per-share earnings, adjusted for non-recurring gains, were $3.64, blowing past analyst projections for $2.59.

Revenue hit $23.38 billion with the Chicago company making 184 deliveries of commercial aircraft.

Shares of Boeing Co. are down slightly before the opening bell.

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