Boeing has great year but admits that 787 delays will hurt in 2008

Boeing took full advantage of Airbus’ many chronicled woes with the A380 super-jumbo, which reflected in Boeing’s 2007 results. However, Boeing has run into problems of their own with the 787 which has delayed delivery, and admits that this will hurt their overall 2008 results, although it’s noted they still expect growth in 2008 over 2007. Via Air Transport World:

The 787 delays will impact 2008 revenues, however (ATWOnline, Jan. 18), with an originally forecast turnover of $72 billion dropping to $68 billion. Commercial aircraft sales, pegged at $34.5 billion, will account for about one-third of that decline.

Boeing now expects to deliver 480 aircraft this year compared with earlier forecasts of 490. But it expects higher profits as productivity gains, such as the 777 moving line, are realized ahead of earlier plans.