New York — Boeing said Wednesday it saw a jump in fourth-quarter earnings thanks to higher commercial plane deliveries and a boost from US tax reform, and expects more strong results in 2018. Shares of the US aerospace giant powered higher after it reported net profit in the fourth quarter of $3.1bn, up a stunning 92% from the year-ago period. Revenues came in at $25.4bn, up 9% from the equivalent stretch in 2016, strengthened by higher commercial plane deliveries and increased defence revenues from deliveries of weapons systems. Boeing has benefited from rising demand for commercial aircraft as airlines score higher profits and boost orders, and expects to beat last year’s record in 2018. "Across Boeing our teams delivered a record year of financial and operational performance as they focused on disciplined execution of production and development programs, growing services, and delivering value to customers," Boeing CE Dennis Muilenburg said. Earnings were lifted by $1.1bn followin...
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