Investing.com – Boeing stock (NYSE:) traded nearly 1% higher in Wednesday’s premarket as the aeroplane manufacturer delivered more aircraft, allowing it to report a small core operating profit for the second straight quarter.

The world’s largest maker of commercial planes reported core operating earnings of $59 million in the September quarter compared to a loss of $754 million in the same period a year ago.

The company’s once-best-selling 737MAX jets helped to boost its revenue, which reached $15.3 billion. Boeing stated that it currently builds nineteen 737 MAX aircraft per month, an increase of 16 in the last quarter. It is also targeting 31 per monthly by early 2022.

Since the regulator’s approval to return the 737 MAX to operations in November 2020, Boeing said it has delivered more than 195 units of those planes.

It continues to work with the company on issues regarding wide-body aircrafts within its 787 catalogue. It said that the low production rate and excessive rework will result in an estimated $1 billion in abnormal costs. $183 million of these were recorded during the quarter.

Current production rates for 787 aircraft are approximately 2 planes each month. The company anticipates that this pace will be maintained until deliveries are resumed. It then plans to return to five aircraft per month, which is still slow.

This quarter’s $466million net loss saw a net loss of $132 Million.