Boeing Burns More Cash Than Expected as It Limits 737 Production

Boeing’s MAX safety crisis is causing it to burn more cash than expected, its finance chief said on Wednesday, meaning the U.S. planemaker will need more time to hit a key financial target for coming years. The company is trying to get control of safety issues following a Jan. 5 mid-flight panel blowout on a 737 MAX 9 aircraft that has placed it under the watchful eye of U.S. regulators—and frustrated airlines already struggling with delivery delays from both Boeing and its rival Airbus. CFO Brian West told a Bank of America conference that Boeing’s cash burn in the first quarter will be somewhere between $4 billion and $4.5 billion, higher than they planned back in January....