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Boeing Slumps as War, Inflation Outweigh Dreamliner Progress

  • Certification plan for 787 plane filed with U.S. authorities
  • Company on track to generate positive free cash flow in 2022
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Why Shares of Boeing Are Plunging
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Boeing Co.’s shares plunged the most in almost two years after it burned more cash than Wall Street had expected, underscoring the strain on the planemaker as it contends with rising inflation and halted 787 Dreamliner deliveries.

The aviation titan recorded negative $3.57 billion adjusted free cash flow in the first quarter and racked up $1 billion in new accounting charges for its defense division, according to a statement Wednesday. Boeing is also pausing production of its 777X jetliner through 2023 and postponing the initial delivery of the hulking twin-engine aircraft to 2025.