Moody's estimates Boeing will burn about $5 billion in cash next year-March 2024-www.financetom.com

Moody's estimates Boeing will burn about $5 billion in cash next year

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Moody's estimates Boeing will burn about $5 billion in cash next year

Nov 5, 2024 9:49 AM

Nov 5 (Reuters) - Ratings agency Moody's on Tuesday

estimated Boeing ( BA ) will burn about $5 billion in cash in

2025 and said the U.S. planemaker will generate cash "modestly"

in 2026.

"(Monday's) resolution of the strike was low hanging fruit

in our view. Relieving the impediments to achieving and then

sustaining strong positive free cash flow remains the

challenge," said Jonathan Root, senior vice president for

Moody's Ratings.

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