Boeing Faces Cash Burn in 2024 Amid Production Lags, CFO Says

Boeing will continue to lose revenue this year, the CFO said, as Chinese regulators prevent plane deliveries to the country over a battery review.

A Boeing airplane assembly facility on the grounds of the joint-use Charleston Air Force Base and Charleston International Airport in Charleston, S.C., on Feb. 26, 2024. Madalina Vasiliu/The Epoch Times

Boeing is facing a cash burn for the remainder of 2024 and will not increase its deliveries in the second quarter, the company’s chief financial officer said on May 23.

The aerospace manufacturer is entrenched in a historic public image crisis. Multiple aircraft incidents triggered investigations from the Justice Department and the Federal Aviation Administration (FAA), cutting into the production of planes used by airliners around the world.