Boeing’s shares increased by more than 6% following CFO Brian West’s optimistic remarks at a Bank of America investor conference, boosting the Dow Jones Industrial Average and S&P 500. West indicated that the company’s cash burn is improving significantly this quarter, potentially by hundreds of millions of dollars, as its factories enhance performance to deliver more planes this year. Last year, Boeing experienced a cash burn of approximately $14 billion, including over $4 billion in the final quarter of 2024, amid a labor strike and production challenges. Despite a fire at a Pennsylvania aviation fastener factory in February, West assured that it would not impact near-term production or Boeing’s goal to produce 38 737 Max aircraft monthly and seven 787 Dreamliners. The FAA continues to cap Boeing’s production rate for the 737 Max following a safety incident in January 2024. West also downplayed immediate concerns about proposed tariffs by President Donald Trump, noting that any effects depend on the duration of the uncertainty. — news from CNBC
