Boeing Shares Plunge 10.7% as 737 MAX Ramp-Up Lags, $10 Billion Cash Flow Target Delayed to 2029

Boeing (BA) shares fell 10.71% to close at $168.18 after management said 737 MAX output of 52 per month will not be reached until the second half of 2027 and pushed its $10 billion annual free cash flow target to 2029, roughly a year behind prior expectations. CEO Kelly Ortberg said the company is still working to stabilize production at 47 jets per month, now expected in 2027, citing slower-than-expected wing output. CFO Jay Malave said 737 deliveries this year will fall short of the original 500 target. Boeing narrowed its 2026 free cash flow forecast to about $2 billion, rising to roughly $3 billion in 2027, $6 billion in 2028 and $10 billion in 2029 — below Wall Street's prior estimates of about $10 billion in 2028 and $125 billion... For the September quarter, revenue rose 4% to $24.19 billion, while net loss narrowed to $116 million from $5.34 billion a year earlier, when results were hit by nearly $5 billion in 777X charges. Core loss per share was 34 cents, wider than the 21 cents analysts expected, per LSEG. Commercial Airplanes delivered 161 jets, one more than a year earlier, with revenue down 3% to $10.72 billion and an operating loss of $697 million.