Reported 5 months ago
Boeing's finance chief stated that the company will experience negative free cash flow in 2024 and anticipates no increase in deliveries in the second quarter, attributing this to production difficulties with its aircraft. The announcement caused Boeing's shares to drop by 7.6%. Delays in deliveries, particularly to China, have contributed to the negative cash flow outlook, with production challenges further impacting the company's financial performance. Boeing is facing scrutiny from regulators and the aviation industry following safety incidents, production delays, and potential legal challenges, with cash burn for the second quarter expected to be on par with or slightly worse than the $3.9 billion used in the first quarter.
Source: YAHOO