Boeing aims to lift jetliner output nearly 7 percent in 2018



(Reuters) – Boeing Co (BA.N) said on Wednesday it expects to deliver between 810 and 815 commercial aircraft in 2018, as much as 6.8 percent more than the industry-record 763 jets it delivered in 2017.

The world’s biggest planemaker forecast operating cash flow of about $15 billion in 2018, compared with $13.34 billion in 2017.

Its shares rose more than 5 percent in pre-market trading

The Boeing logo is seen at their headquarters in Chicago, in this April 24, 2013 file photo. REUTERS/Jim Young/File Photo

Boeing’s core earnings nearly doubled to $4.80 per share in the fourth quarter ended Dec. 31 from $2.47 a year earlier, buoyed by rising plane output and a gain from changes to the U.S. tax law.

It booked a one-time tax gain of $1.74 a share due to the lower U.S. corporate tax rate signed into law last month reducing its deferred tax liabilities in the future.

Excluding the gain, Boeing reported earnings of $3.06 a share. On that basis, Wall Street had been expecting $2.89 a share, according to a consensus of analysts estimates by Thomson Reuters I/B/E/S.

Reporting by Alwyn Scott in New York and Ankit Ajmera in Bengaluru; Editing by Saumyadeb Chakrabarty and Bill Rigby


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