Boeing today reported that net income in the second quarter rose 3% year-over-year to $967 million.

Revenues increased 21% compared to the same period a year ago to break the $20 billion mark for a single quarter.

The company's improved sales were fuelled a 34% jump in the value of commercial aircraft deliveries, which rose to $11.8 billion in the quarter.

Boeing maintained its full-year guidance to deliver between 585 and 600 commercial aircraft, including between 35 and 42 787s.

Earnings per share guidance improved for the full-year to between $4.40 and $4.60, up from $4.15 and $4.35, as the top-end of full-year revenue guidance improved from $80 billion to $81.5 billion

The company's cash position, meanwhile, declined significantly in the first half of the year. Cash and cash equivalents stood at $6.31 billion on 30 June, down from $10 billion on 31 December.

Source: Air Transport Intelligence news