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Boeing CFO warns of slow deliveries, negative cash flow

Julie Hyman and Josh Lipton

Boeing (BA) stock is falling off in Thursday's trading session as CFO Brian West warns that the airline manufacturer anticipates slowing fleet deliveries and negative free cash flow. Market Domination's Josh Lipton and Julie Hyman report on West's statements and what they may mean for Boeing's future.

In an interview with Yahoo Finance on Wednesday, US Secretary of Transportation Pete Buttigieg said Boeing still has "a long way to go" as the Federal Aviation Administration (FAA) continues its review on Boeing production concerns.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Luke Carberry Mogan.

Video Transcript

Checking in on some of today's top trending ticker shares of Boeing sinking here after the company's chief financial officer, Brian West, said the jet maker will continue to burn cash in the second quarter and in the full year as it continues its turnaround effort.

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So company CFO here, Julie says the cash burn Q two is gonna be similar, maybe even worse than the first three months of the year.

Remember, Boeing then lost about 4 billion in cash.

So no surprise.

Investors didn't love that.

You saw the stock dropped.

Yeah, and these comments were made at a conference where, uh, where Finance chief Brian West said, We have frustrated and disappointed our customers because of some of the production and supply chain issues we are up against.

Remember, Uh, jet deliveries in April for Boeing were the lowest since the start of the pandemic, so you can sort of understand here they are still having cash problems.

They also made some comments or I should say.

Also, there was the news that China was stopping delivery of max eight jets.

It's doing a battery review that news coming this week as well.

It looks like a temporary stoppage.

But that's something also, that is of concern to it.

It looks like it's impacting cash generation.

That's the issue there.

Yeah, exactly.