Boeing’s weak financial outlook is tied to a reduced production cadence for the 737 MAX after a near-catastrophic incident January 5 on an Alaska Airlines plane. ― Reuters picNEW YORK, May 24 — Boeing shares were hammered yesterday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024.
West said the second half of 2024 should itself be positive in terms of cashflow, owing to higher plane deliveries, increased receipts from a key military contract and lower costs tied to keeping planes in inventory.But the gains are not expected to offset the losses in the first half of 2024, according to West.
Boeing is working with Chinese officials “but that will very likely have an impact in the quarter on deliveries in our cash flow,” West said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: technavemy - 🏆 6. / 68 Read more »