Fitch Ratings Lowers Boeing Aircraft Delivery Forecasts; Says Forecasts Between 350-370 737max Deliveries And About 65-70 787 Deliveries In 2024; Expects Modestly Negative Fcf During 2024, Compared To Previous Breakeven-To-Positive
Portfolio Pulse from Benzinga Newsdesk
Fitch Ratings has lowered its delivery forecasts for Boeing aircraft, predicting 350-370 deliveries of the 737 MAX and 65-70 deliveries of the 787 in 2024. Fitch also expects Boeing to have modestly negative free cash flow in 2024, compared to previous expectations of breakeven to positive cash flow.
May 31, 2024 | 6:09 pm
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Fitch Ratings has revised Boeing's aircraft delivery forecasts downward for 2024, predicting 350-370 deliveries of the 737 MAX and 65-70 deliveries of the 787. Additionally, Fitch expects Boeing to have modestly negative free cash flow in 2024, compared to previous expectations of breakeven to positive cash flow.
The downward revision in delivery forecasts and the expectation of modestly negative free cash flow are likely to negatively impact investor sentiment and Boeing's stock price in the short term.
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