Reported 5 months ago
Boeing's cash flow situation is worse than expected, according to an S&P Global Ratings analyst, after the company announced it would be cash-flow negative in 2024. Currently rated BBB- by S&P with a negative outlook, Boeing's CFO stated that the full-year cash flow for 2024 would be negative, contrary to earlier forecasts. This news is seen as a setback, with S&P focusing on the company's efforts to achieve a healthy level of aircraft production for the upcoming year.
Source: YAHOO