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Boeing reports surprise profit and says it will cut fewer jobs

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AFP

New York (AFP) – Boeing landed its first quarterly profit since 2019 on higher defense earnings and a recovering commercial aviation market that will enable the company to cut fewer jobs than initially planned, according to results released Wednesday. Shares surged on the results, which surprised analysts who had projected another loss, and comesĀ as commercial airlines pivot to meet surging travel demand in a partially recovered travel market as Covid-19 vaccines have become available. Still, the aviation giant continues to face uncertainty due to the pandemic, challenges due to halted deliver…

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