Boeing Faces Prolonged Cash Burn and Delivery Delays

Chief Financial Officer Brian West outlines ongoing financial struggles and production issues, impacting 2024 projections.

Boeing's cash flow will remain negative throughout 2024, with significant outflows expected in the second quarter.
The company has faced production slowdowns and increased regulatory scrutiny following a January incident involving the 737 Max.
Deliveries to China are stalled due to additional certification requirements from Chinese aviation authorities.
Boeing's leadership is undergoing changes, with CEO Dave Calhoun set to step down by the end of the year.
Efforts to improve safety and production quality are ongoing, but the recovery is expected to be slow.