Boeing's Cash Drain Worsens Amid 737 Production Limits
TL;DR Summary
Boeing predicts a significant cash drain in the first quarter, with an outflow of $4 billion to $4.5 billion, due to regulatory scrutiny and reduced production of its 737 Max jetliner following a January mid-air accident. The company's plan to achieve a $10 billion cash flow target by 2025-26 is expected to be at the later end of that timeframe, and for the year, free cash flow is projected to be in the single digit billions of dollars.
- Boeing Predicts Massive Cash Drain as Jan. 5 Accident Takes Toll Bloomberg
- Boeing Sees Massive Cash Drain as 737 Max Episode Takes Toll Yahoo Finance
- Boeing CFO says made decision to keep 737 production below 38/month Reuters
- Boeing to burn more cash in Q1 as it limits 737 production CNBC
- Boeing warns of Q1 cash burn after door plug blowout crisis Financial Times
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