Boeing staff are pictured exiting a gate under a picture of a Boeing 737-800 plane as Boeing’s 737 manufacturing unit groups maintain the primary day of a “High quality Stand Down” for the 737 program in Renton, Washington on January 25, 2024.
Jason Redmond | AFP | Getty Photographs
Boeing‘s money burn is easing this quarter and its factories are enhancing, the aerospace big’s finance chief stated Wednesday, as the corporate works to show a nook on a number of manufacturing and security crises.
Boeing shares jumped 6% in morning buying and selling after CFO Brian West’s upbeat feedback.
“We expect we’re off to begin for the yr,” West stated at a Financial institution of America investor convention. He stated that money burn enchancment could possibly be within the “a whole lot of tens of millions” of {dollars}.
West additionally disregarded instant issues about President Donald Trump’s proposed tariffs, however stated any influence is dependent upon how lengthy the uncertainty lasts.
