(Reuters) -Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company's finance chief said on Thursday, as the U.S. planemaker grapples with a crisis that is pinching production of its strongest-selling aircraft. CFO Brian West told the Wolfe Research Global Transportation and Industrials Conference that he expects Boeing's full-year free cash flow to be negative, due partly to the delays in deliveries, compared with March's outlook for positive cash generation in the low single-digit billions. The remarks on the negative cash flow caused Boeing's shares to fall 7.6% to close at $172.21 on Thursday.
Key Insights Alaska Air Group's estimated fair value is US$37.45 based on 2 Stage Free Cash Flow to Equity Alaska Air...
Alaska Airlines is elevating its premium onboard menu with the return of hot meals to our inflight retail menu in the Main Cabin. Fueled by our industry leading pre-order program, our inflight menu continues to offer more choices than any other U.S. airline.