Boeing reports loss, but first positive free cash flow since 2018

Boeing Co losses widened for 2022 on weakness in its defense unit but the US planemaker reported its first yearly positive cash flow since 2018 on stronger commercial airplane deliveries.

The US planemaker missed Wall Street expectations on revenue and earnings per share in the final quarter of the year. Boeing shares, which have risen by more than 70% since September, fell 1.3% in early trading Wednesday.

Boeing Chief Executive Dave Calhoun told CNBC the planemaker feels “very strongly” that its $10 billion cash flow forecast for the 2025-2026 timeframe “is well within out reach.”