As safety concerns limit the company's ability to boost production, CFO Brian West predicts a massive cash drain this quarter—an outflow of at least $4 billion.
"Boeing's cut to its free cash flow guidance is an overdue recognition of the situation it is in, but we still worry that it is being overly optimistic."
After a steep drop in January, today's report points to a consumer who's growing more discerning as the labor market starts to cool, credit access becomes more limited, and higher prices continue to bite.