An aerial view of the engines and fuselage of an unpainted Boeing 737 MAX airplane parked in storage at King County International Airport-Boeing Field in Seattle, Washington, June 1, 2022.
Lindsey Wasson | Reuters
Boeing is planning to ramp up manufacturing and deliveries of recent plane, propping up its forecast for larger money in 2023, it mentioned Wednesday.
Supply chain issues and labor shortages have stymied output and deliveries of recent planes, Boeing and Airbus mentioned final week. Airlines have complained that airplane shortages are hurting their skill so as to add extra flights.
Boeing forecast free money movement of between $3 billion and $5 billion subsequent 12 months, beneath the $6.53 billion analysts polled by FactSet anticipated, however above the $1.5 billion to $2 billion in free money it expects to generate this 12 months.
Deliveries are essential to plane producers as a result of it is when airways or different prospects pay the majority of the sale.
The Arlington, Virginia-based firm mentioned it expects to ship between 400 and 450 of its 737s subsequent 12 months, up from about 375 planes this 12 months.
Boeing shares added 2.8% Wednesday after it launched its forecast for the approaching years at an occasion for analysts and buyers at its Seattle-area amenities — the primary of its type since 2016, a spokeswoman mentioned.