The Los Angeles Post
U.S. World Business Lifestyle
Today: April 05, 2025
Today: April 05, 2025

Fitch downgrades Boeing's outlook to 'negative' on production, cashflow challenges

FILE PHOTO: A Boeing 787-10 Dreamliner taxis past the Final Assembly Building at Boeing South Carolina in North Charleston
May 13, 2024
Reuters - Reuters

Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.

The ratings agency, which reaffirmed its "BBB-" long-term issuer default rating, said it could stabilize the outlook if Boeing liquidates over 100 of its pre-2023 built 737 MAX and half of its 787 inventories by early 2025, along with increasing production of its MAX jets towards 38 per month.

Fitch's downgrade follows similar moves by S&P and Moody's earlier in the week on its bumpy cashflow.

Boeing has been under heavy regulatory scrutiny and lowered production of its 787 widebody jets, along with 737 MAX, after the cabin panel blew off an Alaska Airlines-operated 737 MAX 9 flight mid-air, forcing an emergency landing.

(Reporting by Nathan Gomes and Pratyush Thakur in Bengaluru; Editing by Shilpi Majumdar)

Related Articles

Boeing, DOJ tell US judge they have not reached agreement on revised plea deal NASA's 2 stuck astronauts face more time in space with return delayed until at least late March Boeing to lay off 396 employees in Washington US judge rejects Boeing's plea deal in a conspiracy case stemming from fatal plane crashes
Share This

Access this article for free.

Already have an account? Sign In