Workflow
Boeing shares tank after aerospace giant warns it will burn through cash in 2024
BABoeing(BA) nypost.com·2024-05-24 00:44

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 ...