Boeing shares rise in price after the publication of a quarterly report

28-07-2021

On July 28, 2021, Boeing published its report for the second quarter, according to which its quarterly profit exceeded $565 million. The revenue growth was almost 45%. Experts predicted the increase of this index to a maximum of $16.54 billion, but in reality, it reached $17 billion.

This is the first time in the last 2 years that an aircraft manufacturer has had a quarterly profit. During the pandemic, the airline industry was in crisis. As a result, some companies, such as Aeroflot, were forced to cancel dividend payments. Now the airline industry is gradually recovering. Thus, over the past few months sales of Boeing 737 Max airliners have increased. Previously, airlines had suspended the use of this model due to its involvement in accidents in which more than 340 people died. 

“While we are still on our way to a full recovery, it is gratifying to see an improvement in the commercial marketplace thanks to the spread of vaccines and increased demand for travel, especially in domestic markets. We will continue to closely monitor key indicators of market recovery such as incidence, vaccination rates, and global trade conditions,” said Boeing CEO Dave Calhoun.

On the background of positive financial reports, the share price of the airline company rose. As of 6 p.m. Boeing securities were at $233.4.

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