A worker walks near Boeing 737 fuselages outside the Boeing Co. manufacturing facility in Renton, Washington.
Boeing Co. predicted a massive cash drain for the first quarter as regulatory scrutiny and slower output of its 737 Max jetliner following a January midair accident take their toll on its finances.
Cash outflows will reach US$4 billion to $4.5 billion in the first quarter, Boeing CFO Brian West told a Bank of America conference in London on Wednesday. For the full year, free cash flow will be in the low-single-digit billions of dollars, West said. Analysts expected $5 billion, according to data compiled by Bloomberg.
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