Boeing Cash Flow Surges on Record Commercial-Jet Deliveries
A Boeing 787-9 Dreamliner stands on display prior to the opening of the Farnborough International Airshow in Farnborough, U.K., on July 13, 2014.
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Boeing Co.’s cash flow surged during the second quarter, with the 787 Dreamliner pacing record jet deliveries as the company profited from an order backlog stretching into the 2020s.
Free cash flow of $2.6 billion reversed the first quarter’s negative result, Boeing said Wednesday. While Boeing pared its 2015 earnings forecast, the planemaker had telegraphed the move with its July 17 warning of a $536 million after-tax charge on swelling costs to develop a new U.S. Air Force refueling tanker.