Boeing Sees Massive Cash Drain as 737 Max Episode Takes a Toll

"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."

By Julie Johnsson | March 21, 2024 at 09:58 PM

Photo: A worker walks near Boeing 737 fuselages outside the Boeing Co. manufacturing facility in Renton, Washington.

Boeing Co. predicted a massive cash drain for the first quarter as regulatory scrutiny and slower output of its 737 Max jetliner following a January midair accident take their toll on its finances.

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