Boeing's (BA) troubled year looks set to continue, as Chief Financial Officer (CFO) Brian West said during a conference Thursday that the company's cash flow and production woes are likely to continue in the current quarter.
Boeing shares were hammered Thursday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024.
Boeing's jet production has slowed dramatically in the face of increased scrutiny following a January incident when a door plug blew off an Alaska Airlines jetliner while in mid-air.
The Boeing Company (NYSE:BA ) Wolfe Research Global Transportation & Industrials Conference May 23, 2024 10:50 AM ET Company Participants Brian West - Chief Financial Officer Conference Call Participants Myles Walton - Wolfe Research Myles Walton All right. I think we're going to go ahead and get started.
The company will burn through another $4 billion in current quarter and likely be cash-flow negative for the full year, its chief financial officer said.
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 U.S. planemaker grapples with a full-blown crisis that is pinching production of its strongest-selling aircraft.
Boeing's aircraft deliveries won't recover in the second quarter from the first, as the manufacturer deals with a host of production challenges, its CFO said.
Boeing has faced mounting questions after door panel detached during January Alaska Airlines flight, forcing emergency landing
Rolls-Royce Holdings PLC (LSE:RR.) has been signed up to help build the next 'nuke proof' aeroplane for the United States Air Force to carry the President and top military leaders in the event of national emergencies.
Rolls-Royce Holdings PLC (LSE:RR.) has been signed up to help build the next 'nuke proof' aeroplane for the United States Air Force to carry the President and top military leaders in the event of national emergencies.
U.S. planemaker Boeing faces a "long road" to address safety issues, the head of the Federal Aviation Administration said on Thursday as it prepares to receive the company's plan to address concerns.
As of May 23, 2024, Boeing (NYSE: BA) has experienced a tumultuous year in the stock market.