Boeing’s Chief Financial Officer, Brian West, spoke at a Bank of America industrials conference, sharing positive news about the company’s recovery. Following his address, Boeing’s shares surged 7%.
West informed the conference, “We believe we’re off to a good start for the year;” however, the company is expected to incur a one-time hit of $150 million to its first-quarter profit. Despite losses, Boeing’s cash flow could increase by “hundreds of millions” of dollars in the first quarter, according to West.
Boeing’s CFO stated that the company is not concerned about the impact of tariffs on its jetliners, as Boeing has a backlog of over 5,000 planes, most of which are 737s.
West stated that Boeing is also making strides in addressing its issues with U.S. Air Force jets, assuring that the problem will not harm profits.
Boeing spent approximately $14 billion in cash last year, which included over $4 billion on the two-month strikes during the last three months of 2024.
By CEO NA Editorial Staff
