Boeing Stock Soars After Rosy Update on Cash Burn, Jet Deliveries
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- Published: Monday, 14 April 2025 17:40
The jet maker said it could deliver more planes this quarter than previously forecast. Boeing's chief financial officer said the jet maker was on track to deliver more planes and burn less cash this quarter than previously expected, boosting its stock early Wednesday.
“We think we’re off to a good start for the year,” Chief Financial Officer Brian West said at an investor conference.
Boeing burned through nearly $14 billion last year as it waded through a quality-control crisis and other snafus, and previously said it expected to add $4 billion to that tally this quarter.
But West said Wednesday the company may burn hundreds of millions of dollars less than anticipated.
He also said jet deliveries could be higher than previously expected. Boeing delivered 89 planes in January and February, up from 54 in the first two months of 2024 immediately following the Alaska Airlines fuselage panel blowout.
Boeing shares rose more than 6% in morning trading following West's comments.
West said the company wasn't sweating the potential financial fallout from tariffs at this point.
The vast majority of parts for Boeing’s commercial and military jets and other equipment comes from the U.S., and the company has an extensive parts backlog after production was slowed or shut down for much of last year.
Excerpt from WSJ
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