Boeing Co is expected to continue burning cash despite pausing production of its...
- Boeing Co is expected to continue burning cash despite pausing production of its 737 MAX jet, as it will leave its workforce intact and likely provide support to suppliers, analysts said.
“We estimate that Boeing is burning nearly $2 billion per month on the MAX but this will not drop to zero during the halt,” JPMorgan analysts said in a note to clients. “We don’t know what Boeing plans to do about its suppliers,” said Richard Aboulafia, vice president of analysis at Teal Group. It would take until the second half of 2022 for Boeing to be fully clear of inventory, given it has produced 400 of the jets since the March grounding that have yet to be delivered to customers, Jefferies said.
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