Boeing Blows Past Estimates With Help From Tax Cut; Shares Surge

Planemaker predicts first annual sales gain in three years
Falling tax rates a boon to newly profitable 787 Dreamliner

A Boeing Co. 787-10 aircraft stands on the tarmac ahead of the 53rd International Paris Air Show at Le Bourget, in Paris, France, on Sunday, June 18, 2017. The show is the world's largest aviation and space industry exhibition and runs from June 19-25.Photographer: Marlene Awaad/Bloomberg

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By Julie Johnsson

January 31, 2018 at 12:41 PM UTC

Updated on

January 31, 2018 at 5:07 PM UTC

This article is for subscribers only.

Boeing Co. jumped the most in six months after the planemaker said record aircraft deliveries this year would bolster cash and reverse a two-year sales decline.

Jetliner shipments will rise to as many as 815 this year, up almost 7 percent from 2017, the manufacturer said Wednesday as it reported earnings. Operating cash flow, a focus for investors, will increase to about $15 billion.