Reported 5 months ago
Boeing's shares declined after the Chief Financial Officer walked back the company's 2024 cash-flow target, stating that they now expect negative full-year cash flow instead of positive as previously projected. This change was due to Boeing halting airplane deliveries to China following requests for additional information from the Chinese aviation regulator related to cockpit voice recorder batteries. The company's stock dropped 7.6% in response to this news, with Boeing facing challenges in recovering from past accidents and addressing production lapses.
Source: YAHOO