Boeing will burn rather than generate cash in 2024 and deliveries will not increase in the second quarter, the company's finance chief said Thursday, as the U.S. planemaker grapples with a full-blown 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, compared with March's outlook for positive cash generation in the low single-digit billions. Boeing's jet production has slowed dramatically in the face of increased scrutiny from regulators, airlines and lawmakers following a January incident when a door plug blew off an Alaska Airlines jetliner while in mid-air.
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.