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Boeing may not distribute dividend over the next 5 years

By PGInvest | My Reviews | 27 Apr 2020


The airline Boeing presented very negative prospects for the coming years, leading the CEO to question the distribution of dividends until, possibly, 2025.


Boeing CEO David Calhoun said it could take years for the company to be able to pay dividends again, after having given up on compensation in March.


The payment of dividends may not happen in the next three to five years, said the same official, during the annual company meeting, according to the French news agency Agence France-Presse.


This, taking into account the lengthy recovery that the aircraft manufacturer foresees with regard to the demand for travel by air. The return to pre-pandemic levels is expected to take two to three years, and will cost the industry hundreds of billions of dollars in 2020.


The US government is expected to provide support to Boeing, which is still being negotiated but is expected to be around US $ 17 billion. This Monday, it was announced that the airline Air France-KLM will receive up to 11 billion euros of financial support from the French and Dutch governments

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PGInvest
PGInvest

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