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Also, of course, the rest of the day's business news.

From American Public Media, this is Marketplace.

In Los Angeles, I'm Kai Rizdolle.

It is Wednesday, today, 22 April.

Good as always to have you along, everybody.

We begin today, deep inside corporate America, a company that spans manufacturing, technology, exports, and supply chains.

And which has until pretty recently been

having a pretty tough go of things. We have talked many a time on this program about Boeing's

very long list of problems. There was a strike, fatal crashes, and ensuing groundings, the

production backlog. Well, as of today, the company is hoping that's all in the rearview mirror. Boeing reported profits this morning well ahead of expectations, revenue up 14% from last year, and, and this is the biggie, it's outperforming its biggest competitor, Airbus, for the first time since 2019.

Marketplace's Kelly Wells gets us going. For years now, Scott Hamilton kept thinking Boeing had finally stopped its downward spiral.

And then they stepped on their own foot again and did something else.

He's an aviation industry consultant with Leigham Company. He says Boeing's downfall started with a merger in the 90s, and its quality has suffered ever since.

Hamilton says it'll take years to fully

fix, but now? Boeing is finally, finally, finally on an upward trajectory. There are two recent

...