Boeing‘s chief financial officer warned investors that the company will expend more cash than expected in the first quarter as the planemaker grapples with lawsuits and production delays.
Boeing is expected to spend between $4 billion and $4.5 billion, which is “higher than we originally planned back in January,” CFO Brian West told investors at a Bank of America conference on Wednesday.
Analysts initially anticipated that Boeing would have a $1 billion negative cash flow in the first quarter; now they are predicting about a $5 billion positive cash flow for 2024, the Wall Street Journal reported.
Following the Jan. 5 Alaska Airlines door plug blowout, Boeing’s stock fell, though it had never truly recovered to numbers before two deadly plane crashes in 2018 and 2019.
“We’re deliberately going to slow to
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