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Article: BOEING'S PROFITS FALL, BUT OUTLOOK IS GOOD JET DELIVERIES COULD SOAR NEXT YEAR.(Business)
- Article from:
- Seattle Post-Intelligencer
- Article date:
- February 3, 2005
- Author:
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Byline: JAMES WALLACEP-I aerospace reporter
The Boeing Co.'s commercial jetliner business appears headed for blue skies once again.
In its most upbeat assessment in some time, Boeing said airplane deliveries could soar by as much as 20 percent next year. The company is hiring again in the Puget Sound region as it emerges from the industry's worst-ever downturn, which saw thousands of commercial jobs eliminated.
Its fourth-quarter earnings, which fell 84 percent because of charges for two of its airplane programs, were posted before the market opened. Yet, Boeing's stock rose $1.19 in yesterday's trading, to close at $52.23.
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