Air China subsidiary Shandong Airlines has placed a firm order for 50 Boeing 737 aircraft, including 737NGs and 737 MAXs. According to the Jinan-based carrier, the aircraft are scheduled to be delivered between 2016 and 2020.
Analysts are expecting BA to post earnings per share (EPS) of $1.56 on revenues of $20.19 billion today. In the same quarter of 2013, Boeing reported EPS of $1.73 on revenues of $18.89 billion. Revenues are rising, but profits are falling.
BA announced today and net income was actually down 12.7 percent from last year's $1.1 billion first quarter profit, but that is because Boeing took a $330 million accounting write-off related to changes in its retirement plans. The company also noted that its 2013 earnings were inflated by a one-time research and development tax credit.
Net income per share dropped to $1.28 from $1.44 during last year's first quarter. But adjusted to exclude the write-off, earnings were $1.76 a share, beating the estimate of $1.56 a share from Wall Street analysts.