Boeing cuts production outlook and delays free-cash-flow target
Boeing said it will miss its 737 production and aircraft delivery goals this year, while CEO Kelly Ortberg pushed the company’s $10 billion free-cash-flow target to 2029. Boeing reported an adjusted quarterly loss of 34 cents per share and expects $3 billion in free cash flow next year, sending its shares down nearly 10%. The company also delayed reaching a 737 production rate of 47 jets a month until early 2027.
Why it matters
The lower delivery outlook and delayed cash generation reduce near-term expectations for Boeing’s recovery. Jefferies analyst Sheila Kahyaoglu said Boeing’s $3 billion free-cash-flow outlook for next year was below Wall Street’s $5.5 billion consensus projection.
Key facts
- 1Boeing expects to reach its 737 production target of 47 jets a month in early 2027. en.apa.az
- 2The company will not meet its 500-jet delivery target this year. en.apa.az
- 3Boeing reported an adjusted quarterly loss of 34 cents per share. en.apa.az
- 4Boeing expects $3 billion in free cash flow next year and still expects $2 billion by the end of the year. en.apa.az
- 5Boeing’s $10 billion free-cash-flow target is now expected in 2029. en.apa.az
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.