Boeing CEO says increasing 737 MAX output is taking longer than expected, shares slide
BA•Cash flow outlook trimmed as output ramps lag
The slower 737 and 787 rate increases mean that Boeing likely will not get to $3 billion in free cash flow, the upside of its guidance given in January, and instead generate $2 billion, the midpoint of its guidance, Boeing Chief Financial Officer Jay Malave said.
China order expectations and Southwest MAX 7 timing
Ortberg also downplayed some expectations among industry analysts that China could make another Boeing order when President Donald Trump meets Chinese President Xi Jinping in Washington next week.
China committed to 200 jets when they met last May in Beijing.
Speaking separately at the conference, Tom Doxey, chief financial officer of Southwest Airlines, the first airline to take the MAX 7, said some deliveries should start around the end of 2026, with entry into service expected in early 2027.
