Free Cash FlowFree cash flow is guided at €15-17bn, which is 22% below consensus, raising concerns about the company's future liquidity position.
Operational RisksThere is potential risk due to a possible 1-2 month strike at Boeing, which could affect LEAP engine deliveries and disrupt operations.
Tax Rate ImpactA higher French tax rate could result in a 10% reduction in net income estimates, potentially impacting the company's profitability.