Boeing's US$3.9 billion cash burn adds urgency to revival plan [BNN Bloomberg (Canada)]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: BNN Bloomberg
Speaking in an interview with CNBC after Boeing reported first-quarter results, Calhoun said reaching $10 billion in annual free cash flow will take six months longer than previously anticipated, but “I still believe it will happen in that two-year window” set by Boeing for 2025 or 2026. “And by the way, this was never a heroic target,” Calhoun said. “This was a target that we believed we could meet.” Boeing is receiving fewer 737 fuselages with defective parts from supplier Spirit AeroSystems Holdings Inc. since instituting tougher quality controls at the start of March, Calhoun said. Still, the first-quarter earnings release laid bare the task ahead for whoever succeeds Calhoun once he steps down by the end of this year, with a $3.9 billion cash burn, a steep loss at the commercial aircraft subsidiary and much-reduced aircraft production. The company reported an adjusted loss per share of $1.13, and revenue of $16.57 billion in the first three months. Production of the key 73
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News
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BA
Earnings
- 4/24/24 - Beat
BA
Sec Filings
- 5/3/24 - Form 8-K
- 5/1/24 - Form PX14A6G
- 4/24/24 - Form PX14A6G
- BA's page on the SEC website