Boeing knocks out a profit for the first time since 2019

Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history

Boeing reported its first quarterly profit since 2019 and its revenue topped expectations as the giant aircraft maker tries to dig out from the most difficult stretch in its history. Boeing earned $567 million in the second quarter, compared with a $2.4 billion loss a year ago. Industry analysts had expected a sizeable loss. Boeing Co. shares ended regular trading up 4% on Wednesday. The return of the troubled 737 Max jet after two deadly crashes is key to Boeing's rebound. The company delivered 79 commercial planes in the quarter — including 47 Maxes — compared with 20 a year earlier. Deliveries are an important source of cash for Boeing because that's when airlines usually pay the bulk of the price for a new plane.