Boeing’s cash burn is improving this quarter. CFO Brian West announced that the reduction could be in the hundreds of millions of dollars. Last year, the company burned through about $14 billion, with over $4 billion lost in the final three months of 2024 alone. This period was marked by a nearly two-month labor strike and other production issues. Boeing last reported an annual profit in 2018. West also stated that a recent fire at a Pennsylvania fastener factory will not impact near-term production or the company’s goal to produce 38 737 Max aircraft and seven 787s per month. Despite these challenges, Boeing shares rose over 6% in morning trading following West’s comments, boosting the Dow Jones Industrial Average and S&P 500. The FAA has capped Boeing’s production at 38 Max planes per month following a January 2024 incident.
John D. Kiambuthi
@jdkiambuthi
·
Mar 16 DOGE’s budget reductions are accelerating at such a pace that United Airlines reports a sharp 50% decline in government travel demand.
As a result, U.S. airline stocks have collectively lost over $20 billion in market capitalization over the past four weeks.
Byte
@ByteEcosystem
·
Jan 24 Boeing reports larger losses of about $4 billion and lower revenue than expected last quarter. Shares decreased 1.8% premarket.
Bitcoin Doctor
@BTC_doctor
·
Mar 16 Ming blowing: DOGE’s spending cuts are ramping up so quickly that United Airlines announced government travel is down a MASSIVE -50%. US airline stocks have now erased over -$20 BILLION of market cap over the last 4 weeks.
Would you consider buying some Airlines stocks here
Eric Hale
@Eric714
·
Mar 17 $BA Cash Flow Crumbles – Wells bumps $BA to $113, Underweight. $7-8B ‘27 FCF vs. $9B consensus -defense + unions gut it. Flying blind? #Aerospace
Urantian Lady
@UrantianL
·
Mar 17 From Laura Aboli
DOGE’s spending cuts are ramping up so quickly that United Airlines announced government travel is down a MASSIVE -50%.
US airline stocks have now erased over -$20 BILLION of market cap over the last 4 weeks.
Take a look at this quote directly from Reuters
doe
@RunninDoe
·
Mar 17 Boeing Stock Dropped More Than 30% Last Year. It Can Tumble Another 30%, Wells Fargo Says. – Barron’s
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