Boeing on Wednesday lowered Wall Street expectations on jet deliveries and the cash Boeing will generate in the next couple of years while offering hope of a full recovery in three to four years.
In an attempt to steady the expectations of Wall Street, Boeing CEO Dave Calhoun on Wednesday projected that recovery from the company’s challenges won’t come until 2025 or 2026 — and that only then Boeing will generate the full gusher of cash it’s been projecting but that has been slow in materializing.
And Calhoun said Boeing will not deliver its next new commercial jet until the middle of the 2030s, implying that no such plane will be launched until late this decade. Anything sooner, he said, is “not going to happen.”
