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Boeing faces bigger losses despite cash boost
Boeing recorded a larger-than-expected quarterly loss, amounting to $428 million in the second quarter, after incurring an additional cost of $280 million related to the presidential aircraft replacement program, "Air Force One." Despite this, the company saw an improvement in free cash flows, which reached $631 million, supported by increased customer payments. Boeing maintained its forecast to achieve free cash flows between $1 billion and $3 billion for the current year, marking its first positive outlook since 2023. Additionally, Boeing is facing delays in delivering the two American presidential aircraft, with costs exceeding the allocated budget by more than $1 billion. Work is ongoing to develop the two planes under a contract valued at $3.9 billion, signed in 2018.
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