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BA Mar 2025 305.000 call
- Reuters
Boeing sees free cash burn in 2024 as deliveries remain sluggish
(Reuters) -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. 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. His remarks surprised some investors, sending shares down 6% in midday trade and deepening the company's problems as production challenges and delayed deliveries to China reversed a rosier 2024 outlook upheld by Boeing just weeks earlier.
- Reuters
Boeing faces 'long road' on safety issues, US FAA says
WASHINGTON (Reuters) -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. In late February, FAA Administrator Mike Whitaker gave Boeing 90 days to develop a comprehensive plan to address "systemic quality-control issues" and barred it from expanding 737 MAX production. Boeing has faced mounting questions after a door panel detached during a Jan. 5 flight on a new Alaska Airlines 737 MAX 9, forcing pilots to make an emergency landing while passengers were exposed to a gaping hole 16,000 feet above the ground.
- Investing.com
Boeing shares drop on China delivery halt and cash flow concerns
Boeing (NYSE:BA) Co. disclosed that it has not made recent aircraft deliveries to China due to a request from the country's aviation regulator for additional certification documents.
