While the number of aircraft deliveries increased by 10 percent, the healthy demand by a wider range of customers lifted Boeing revenues past $100 billion in 1018. Despite the mini-shocks that could get in the way on the geopolitical front, Boeing soars. Supply chain bottlenecks, according to sources, are now behind the 737 program, an issue that was rectified later in the year.
Shares rallied nearly 7 percent to $390.25 making Boeing the leader in the Dow Jones Industrial Average. For the most part, Boeing management was upbeat at the results.
The airplane manufacturer reported strong performance from all three of its core businesses in the fourth quarter of 2018. This includes a 12 percent increase to $17.3 billion on the platform of its core deliveries. Boeing has raised its jet deliveries forecast as a result of improved position and robust sales abroad.
This is worth noting. Boeing delivered 806 aircraft in 2018 and expects to deliver between 895 and 905 jets in 2019. This underscores Boeing’s market position and strong position.