Why Boeing (BA) Stock Is Climbing Today

Plane maker Boeing (BA) is rising 4% today after the plane maker’s CEO provided a relatively bullish assessment of the company’s outlook.

CEO Says That Positive Cash Flow Is on the Horizon

BA is on track to generate positive cash flow in the second half of this year, CEO Kelly Ortberg reported today. Additionally, the firm expects to deliver nearly 40 of its 737 Max planes this month, versus just 17 in December. The FAA limited the company to delivering 38 of the planes per month due to safety concerns after an incident involving one of them early last year.

A commercial Boeing 737 aircraft flying in the sky with the well-known SWABIZ logo on it.

Also importantly, Ortberg stated that the plane maker plans to close a number of its non-core businesses.

“We made progress on key areas to stabilize our operations during the quarter and continued to strengthen important aspects of our safety and quality plan,” the CEO added.

The company also reported its fourth-quarter results which were largely in line with the firm’s prior preannouncement issued on Jan. 23. The troubled plane maker burned $14.3 billion of cash in 2024.

The Recent Price Action of BA Stock

In the last month, the shares have risen 2.5%, while they have surged 19% in the last three months.

While we acknowledge the potential of BA, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.