Boeing shares tank after aerospace giant warns it will burn through cash in 2024
Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company’s finance chief said Thursday, as the planemaker grapples with a full-blown crisis that is pinching production of its strongest-selling aircraft.CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing’s full-year free cash flow to be negative, compared with March’s outlook for positive cash generation in the low single-digit billions.Bo ...