Boeing forecasts jump in aircraft deliveries, up to $5 billion in free cash flow next year

Boeing is readying to ramp up accumulation and deliveries of caller aircraft, propping up its forecast for higher currency successful 2023, it said Wednesday.

Supply concatenation problems and labour shortages person stymied output and deliveries of caller planes, Boeing and Airbus said past week. Airlines person complained that airplane shortages are hurting their quality to adhd much flights.

Boeing forecast escaped currency travel of betwixt $3 cardinal and $5 cardinal adjacent year, beneath the $6.53 cardinal analysts polled by FactSet expected, but supra the $1.5 cardinal to $2 cardinal successful escaped currency it expects to make this year.

Deliveries are important to craft manufacturers due to the fact that it's erstwhile airlines oregon different customers wage the bulk of the sale.

The Arlington, Virginia-based institution said it expects to present betwixt 400 and 450 of its 737s adjacent year, up from astir 375 planes this year.

Boeing shares were up much than 3% successful midday trading aft it released its forecast during an lawsuit held for analysts and investors astatine its Seattle-area facilities — the archetypal of its benignant since 2016, a spokeswoman said.