• Part II of the Boeing Liabilities Problem

 Subscription Required

By the Leeham News Team

Aug. 15, 2024, © Leeham News: Chief Financial Officer Brian West recently cautioned Boeing (BA) analysts and investors about the cash burn on the Q2/2024 earnings call;

“I’m just not smart enough right at this moment to say whether it’s $5bn or $10bn,”

BA used $4.3bn in the second quarter, which followed a burn-off of $3.9bn in the first quarter. The company shored up its cash position by borrowing $10bn during Q2/2024, injecting much-needed funds to cover losses. Eventually, all that money must be repaid.

LNA continues to analyze just how short Boeing is from that point and where it needs to be to make that happen.