Boeing shares fall nearly 6% over past month amid ongoing industry challenges

Investors are watching several key factors moving forward. Regulatory developments remain crucial—any relaxation of FAA oversight or removal of production caps on the 737 MAX could help boost deliveries and improve cash flow for Boeing. Conversely, further regulatory setbacks would likely have negative effects.

The timeline for certification and service entry of the Boeing 777X has been delayed repeatedly, affecting Boeing's ability to convert its backlog into revenue and putting pressure on cash flow. The company is also working on reintegrating Spirit AeroSystems into its operations; successful integration is seen as important for stabilizing quality and controlling costs.

Boeing's defense business continues to generate new orders, offering some positive momentum despite other challenges facing the company. However, investors will need to monitor free cash flow closely and be alert for any additional supply chain disruptions that could impact working capital.

Boeing has faced significant safety and credibility issues in recent years, leading many investors to reassess their valuation of the company. While demand for its jets remains strong, future performance will depend heavily on whether Boeing can execute its plans effectively and clear remaining regulatory hurdles.

Airbus, Boeing’s main competitor, has also experienced difficulties related to execution and supply chains but does not face similar long-term credibility concerns and has introduced several long-range products ahead of Boeing.