An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022.
Lindsey Wasson | Reuters
Boeing is planning to ramp up manufacturing and deliveries of recent aircraft, propping up its forecast for increased cash in 2023, it stated Wednesday.
Supply chain issues and labor shortages have stymied output and deliveries of recent planes, Boeing and Airbus stated final week. Airlines have complained that airplane shortages are hurting their capacity to add extra flights.
Boeing forecast free cash flow of between $3 billion and $5 billion next year, beneath the $6.53 billion analysts polled by FactSet anticipated, however above the $1.5 billion to $2 billion in free cash it expects to generate this year.
Deliveries are vital to aircraft producers as a result of it is when airways or different clients pay the majority of the sale.
The Arlington, Virginia-based firm stated it expects to ship between 400 and 450 of its 737s next year, up from about 375 planes this year.
Boeing shares added 2.8% Wednesday after it launched its forecast for the approaching years at an occasion for analysts and traders at its Seattle-area amenities — the primary of its type since 2016, a spokeswoman stated.