Boeing CFO warns of negative free cash flow in 2024 due to ongoing manufacturing issues.
Boeing CFO Brian West warns of negative free cash flow in 2024 due to ongoing manufacturing issues causing slowed production, with aircraft deliveries not expected to improve in Q2 compared to Q1. This follows a door plug blowing out of a new 737 Max 9 in January, leading to delays in Chinese jet deliveries and regulatory reviews. The company's shares have dropped around 6% following these announcements, reflecting investor concerns.
May 23, 2024
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