Fitch Ratings downgraded outlook on Boeing to "negative" from "stable" on Friday, amid a fallout from safety crisis impacting the U.S. planemaker's production and cashflow.
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Boeing's better-than-expected first-quarter results show Boeing burned nearly $4 billion in cash as the company grapples with a series of quality-control problems.
Airbus on Friday said an increase in its costs, caused by inflation and supply chain issues, had seen its adjusted earnings drop in the first quarter of 2024, even as sales of its aircraft increased against the backdrop of ongoing problems at its main rival Boeing.
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