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Boeing surprises with positive cash flow, sets eyes on Dreamliner restart

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Reuters

By Abhijith Ganapavaram and Rajesh Kumar Singh (Reuters) -Boeing Co on Wednesday surprised Wall Street by generating cash from operations in the second quarter and stuck to its cash flow goal for the year in a sign the planemaker was gradually overcoming costly production snarls. Shares of the U.S. planemaker rose 2.7% as 737 MAX jet deliveries more than doubled and Chief Executive Dave Calhoun said Boeing was in the “final stages” of preparing to restart 787 Dreamliner deliveries. While the company posted a wider-than-expected adjusted loss due to charges, operating cash flow came in at $81 m…

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