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Boeing’s Revival Roadmap Put to Test by Dwindling Time and Cash
- CEO says things should look up in the second half of the year
- Moody’s cut credit rating one level above junk status
Boeing isn’t entirely free to chart its own path ahead.
Photographer: SeongJoon Cho/BloombergBoeing Co.’s assurance that it can pull itself together in the next three months is giving rise to two opposing questions: Is that too little time to turn things around — or too long to withstand the financial hemorrhaging?
Chief Executive Officer Dave Calhoun put an optimistic spin on the embattled company’s outlook as he presented Boeing’s earnings on Wednesday, maintaining a mid-decade cash-flow target and predicting a reversal of fortune in the second half.