Boeing Stems Cash Outflow as Aircraft Delivery Advances

Boeing consumed $200 mn in the second quarter, far less than the $1.8 bn analyst estimate

- Bloomberg

Boeing Co. managed to almost halt its cash burn in the second quarter, indicating that a turnaround initiated by chief executive officer (CEO) Kelly Ortberg a year ago is paying off as the company delivers more aircraft.

The planemaker generated cash from operations for the first time since 2023 and consumed just $200 million in free cash flow during the three months, far less than the $1.8 billion analysts had expected. The company also reported a smaller-than-expected loss for the quarter as well as revenue that beat estimates.

Boeing is emerging from one of the toughest periods in its recent history, including a near-catastrophic accident at the start of 2024 and a debilitating strike in the final months. The crises squeezed the company's finances and spurred Boeing to sell equity worth almost $24 billion.