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Boeing Expects to Burn Through Cash and Doesn’t See Improvements in Delivery in 2024

The crisis of airplane maker Boeing is likely to continue in 2024. According to the company’s chief financial officer (CFO) Brian West, Boeing expects to continue burning through cash this year while the delivery will remain slow. Boeing faced an array of production issues after...

Boeing Boosts Annual Outlook Amid Rising Demand

Boeing raised its annual 20-year forecast for new jetliner deliveries on Sunday, citing the strong demand for its narrowbody planes from low-cost carriers. The company expects airlines to purchase 42,595 jets from now until 2042, thereby exceeding its previous 20-year forecast of 41,170 planes last year....

Boeing Stock Plunges Amid 737 MAX Production Issues

Boeing announced on Thursday that it is expecting delays in the production and delivery of its 737 MAX airliners due to an issue with parts supplied to them by Spirit AeroSystems. The company’s shares took a hit shortly after the announcement, dropping by 4.5%...

Boeing Secures an Order for 78 Airplanes from Two Saudi Arabia Airlines

Boeing confirmed on Tuesday that it secured an order for 78 of its Boeing 787 Dreamliners from Saudi Arabia-based airlines Saudi Arabian Airlines and Riyadh Air. The agreement also comes with an option to buy 43 additional airplanes. According to Reuters, the price of the...