Dreamliner turns into rainmaker, and Boeing shares soar

Chicago

BOEING Co shares reached an all-time high as the 787 Dreamliner emerged from a decade of losses to help the company post rising profit and weather a turbulent market for wide-body jetliners.

The world's largest planemaker is counting on the marquee carbon-fibre jet and faster output of the single-aisle 737, a workhorse with discount airlines, to bolster results this year. Boeing forecast higher cash and earnings on Wednesday, while predicting a sales decline as it makes fewer 777 wide-body aircraft.