Boeing off to hot start in 2012
Monday, April 09, 2012
Boeing announced it delivered 137 commercial airplanes in the first quarter this year, which is a 32 percent increase compared with the same period last year, according to a Reuters report.
The surge was due in part to an increase in 737 deliveries and helped bolster the world's second-largest airplane maker's showing so far in 2012. The company's quarterly gains also is expected to lead to increased production moving forward, the news source stated.
"Increase in deliveries is confirmation of the successful execution of increased production rates as well as confirmation of the cycle," said EarlyBirdCapital Managing Director Alex Hamilton, according to the news source.
The company has yet to report its earnings for the first quarter but plans to do so on April 25, the news source stated.
The airline industry remains a factor in the overall economy and other trends. When it comes to the economy, a new Harris Poll reveals that most respondents oppose government bailouts but a significant portion of the public said they believe the 2009 bailout of the auto industry helped the economy overall.
Individuals who are interested in making investments related to the plane and airline industries may want to contact discount brokers.
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