Boeing forecasts a profit on Dreamliner
Boeing said its third-quarter earnings topped estimates and projected that its new 787 Dreamliner would earn a low, single-digit profit over the sales of the first 1,100 planes. Analysts have been concerned about how long it would take for Boeing to recover its huge investment in the more fuel-efficient passenger plane, which went through several years of production delays and cost increases before the first jet was delivered last month. Boeing’s chief financial officer, James A. Bell, said Wednesday that individual plane sales would not become profitable until 2015, but that under accounting rules, the Chicago-based company would be able to average the low, single-digit profit over all of the first 1,100 planes sold, which is expected to take about a decade.