BofA Sees Boeing Raising Up to $20 Billion Equity Amid Cash Burn

Boeing Co. will likely raise as much as $20 billion in equity to shore up its balance sheet after the troubled planemaker reported it expects to burn cash in 2025, according to a research analyst at Bank of America Corp.

The bank estimates Boeing will raise $18 billion to $20 billion through sales of stock or convertible securities, up from a prior range of $10 billion to $15 billion. A higher raise would be “a positive,” not only because it would offset the expected cash drain, but also because it would allow the company to focus on its turnaround, BofA ...