BA - Boeing Faces Cash Flow Crash
2024-04-19 12:52:52 ET
Summary
- Boeing booked 113 airplane orders in March, including 85 Boeing 737 MAX jets from American Airlines.
- Deliveries decreased by 35 units compared to the same month last year, with a significant weakness in Boeing 737 MAX and Boeing 777F deliveries.
- Boeing expects a free cash flow burn of $4 billion to $4.5 billion for Q1.
- I'm downgrading Boeing stock from Buy to Hold amidst uncertainties.
It's an understatement to say that The Boeing Company (BA) is having a horrible start to the year following the in-flight accident with the Boeing 737 MAX 9 in January . Production rate increases on the Boeing 737 MAX program have been prohibited, whistleblowers are testifying against Boeing and Boeing's leadership will materially change by the end of the year as David Calhoun will depart as CEO of The Boeing Company . I recently weighed in on what's next for Boeing in a Seeking Alpha roundtable . What's clear, however, is that Boeing is missing any form of stability at this time....
Boeing Faces Cash Flow Crash