Boeing expects a 2024 cash burn, slow recovery of airplane deliveries amid crisis, CFO says
Publishing timestamp: 2024-05-23 12:20:36
Summary
Boeing's CFO predicts negative free cash flow in 2024 due to ongoing manufacturing troubles, slowing production, and delivery delays. The company burned through nearly $4 billion in cash in the first quarter and is facing a host of production challenges. Boeing's shares dropped 5% after the CFO's comments at a conference. CEO Dave Calhoun is set to step down by the end of the year.
Sentiment: NEGATIVE
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Source: https://www.cnbc.com/2024/05/23/boeing-cfo-deliveries-cash-flow-max-crisis.html