Boeing shares were hammered Thursday after a top company official predicted another quarter of meager plane deliveries, likely resulting in negative cash for all of 2024.
Shortly after midday in New York, shares of the aviation giant were down 5.3 percent after Chief Financial Officer Brian West said the second quarter's cash performance could be "a little worse" than the first quarter during which Boeing burned through $3.9 billion in cash due to heavy operating costs and minimal incoming revenue because of reduced plane deliveries.
