Clear runway

8 Feb 2019 By Tom Buerkle

The $225 bln aerospace firm is considering whether to build a new jet. It stumbled with the 787 a decade ago. Since then, boss Dennis Muilenburg has fixed production snags, and customers are in better shape. A new wide-body could boost Boeing’s lead over Airbus.

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Boeing Chief Executive Dennis Muilenburg said on Jan. 31 that the company would make a decision this year on whether to market a new wide-body jetliner to airlines.

Also on Jan. 31, the company said it earned $3.4 billion in the fourth quarter of 2018, up 3 percent from the same period a year earlier, on revenue of $28.3 billion, an increase of 14 percent.

Boeing delivered 238 commercial aircraft in the quarter, compared with 209 in the same period a year earlier, and boosted its operating profit margin on that business by 4 percentage points, to 15.6 percent.

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