Boeing shares have tumbled more than 50 per cent this year, the biggest decline among the 30 members of the Dow Jones Industrial Average.
The company consumed about $US5 billion in free cash during the third quarter – or $US55 million ($78 million) a day – in line with analyst estimates and about $US620 million less than a quarter earlier, when the pandemic forced the company to temporarily shut down much of its manufacturing. Boeing didn’t announce additional production cuts for its 787 and 737 Max, defying analyst expectations, and also got a $US459 million income tax boost.
“While losing…
