Boeing shares slide after weaker cash-flow and delivery outlook
Boeing shares fell about 9 to 10 percent on Tuesday after CEO Kelly Ortberg said the company will miss its 2026 737 production and jet delivery targets. The stock closed at $170.23, its worst day since 3 Apr 2025. Boeing now forecasts $3 billion of free cash flow for 2027, below the $5.5 billion consensus, and expects $10 billion only in 2029. For the quarter ended September, the company posted revenue of $24.19 billion and an adjusted loss of 34 cents per share, against an expected 21-cent loss.
Key facts
- Boeing cut its 2026 737 MAX delivery target to 500 jets.
- Boeing plans to raise 737 output to 52 jets per month in the second half of 2027.
- Boeing will begin 777-9 deliveries next year, about six years behind schedule.
- Free cash flow for the quarter was $464 million, above estimates of $330 million.
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Why it matters
The revised outlook pushes back Boeing's expected return to strong cash generation by about a year.
What changed
First published from CNA, The Economic Times, CNBC and Euronews