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It is the reporting season in US.

Boeing is set to announce its profits on Wednesday morning & early indications are that there may be good news for share holders. Analysts say that sales of Boeing’s jets have prepared the foundation for an increase in earnings in the second quarter. On this basis analysts are expecting the company to raise its outlook for the next few quarters.

Analysts polled by Thomson Financial forecast the Chicago-based aircraft maker (BA) will post earnings of $1.16 a share, up from a year-ago loss of 21 cents a share, when it reports Wednesday morning. Analysts forecast sales will rise to $ 16.2 billion, up about 8%.

Boeing delivered 114 aircraft to commercial customers in the second quarter, up from 106 aircraft in the first quarter and 97 a year-ago, according to the company.

Orders rose to 360, including 123 from its fuel-efficient 787 Dreamliner. A year ago, orders totaled 317. On July 8, Boeing showed off its newly assembled Dreamliner, which still has to meet other key hurdles like first flight and delivery.

“Order flows continue to be impressive for commercial planes, especially the 787, without significant participation from the largest aerospace market, North America,” said J.B. Groh, an analyst D.A. Davidson analyst, in a note Monday.

Shares have risen about 17% since the start of the year, recently trading at just over $104.

via CNN Money, read more about this story here.

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This Sunday will see Boeing unveil the much anticipated Dreamliner 787 in Seattle.

Photo Credit: Boeing Images

It does look very good and is Boeing’s first new model in 13 years.

It could be a game changer in the airlines industry, but not just for its good looks.

It is supposed to be much more fuel efficient than its competitors. The mid-sized plane, which seats up to 330 passengers and is capable of flying long-haul routes using up to 20 per cent less fuel while pumping out fewer greenhouse gases.

This is achieved using several revolutionary design features, most notably the use of high-tech plastic composites instead of aluminium.

Composites such as carbon-fibre will make up to 50 per cent of the primary structure of the plane - including the fuselage and wing.

“By manufacturing a one-piece fuselage section, we are eliminating 1,500 aluminum sheets and 40,000 - 50,000 fasteners,” Boeing said in a statement.

The composites used in the Dreamliner are also stronger and lighter than traditional materials, allowing the plane greater fuel efficiency.

The advantage in fuel efficiency is of course, a key competitive factor. It will allow an airlines company to potentially offer lower prices than its competitors who do not have a 787.

So far 634 orders have been placed for the Dreamliner, which has a price-tag of between $US146 million and $US200 million

You can watch the roll out of the 787 Dreamliner on the 8th of July at the Boeing webcast site here

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