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Boeing expects negative free cash flow, slow recovery in aircraft deliveries, CFO says

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Boeing expects negative free cash flow, slow recovery in aircraft deliveries, CFO says

  • Boeing’s CFO forecast the company would have negative free cash flow in 2024 as manufacturing troubles persist.
  • Boeing has slowed production since a doorplug blew out of a nearly-new 737 Max 9 in January.
  • Aircraft deliveries won’t likely improve in the second quarter from the first, CFO Brian West said.

An American Airlines Boeing 737 MAX 8 flight from Los Angeles approaches for landing at Reagan National Airport shortly after an announcement was made by the FAA that the planes were being grounded by the United States in Washington, U.S. March 13, 2019. 

Joshua Roberts | Reuters

Boeing will burn through cash this year and deliveries of new planes won’t improve in the second quarter from the first, as the manufacturer deals with a host of production challenges tied to its best-selling planes, the company’s CFO Brian West said Thursday.

A month ago, West forecast Boeing would generate free cash flow “in the low single-digit billions.” The new forecast shows the mounting costs of the planemaker’s latest crises.

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