BA - Boeing Stock Falls As CFO Forecasts Negative Cash Flow Delivery Delays Amid Regulatory Scrutiny | Benzinga
Boeing Company (NYSE:BA) shares are down more than 6% on Thursday following CFO Brian West’s announcement that the company will burn cash in 2024 rather than generate it.
What’s Going On: Speaking at the Wolfe Research Global Transportation and Industrials Conference on Thursday, West revealed that he expects Boeing’s full-year free cash flow to be negative, a stark contrast to the outlook provided in March for positive cash generation in the low single-digit billions, according to Reuters.
The announcement surprised investors and further complicated Boeing’s situation as it struggles with production challenges and delayed deliveries to China, which West confirmed at the conference, citing a Chinese regulatory review of batteries in ...