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Boeing losses swell to $6bn; CEO pushes for turnaround
Business Standard
|October 24, 2024
Ortberg calls for 'fundamental culture change' as crippling strike continues
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Boeing CEO Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a "fundamental culture change" at the struggling planemaker as its quarterly losses surged to $6 billion due to a crippling strike.
The company has now racked up losses of nearly $8 billion for the current year, as a halt in production of its 737 MAX, 777, and 767 planes following the strike and an ailing defense and space division hammer its business. Boeing shares slipped almost 1 percent in morning trading.
Esta historia es de la edición October 24, 2024 de Business Standard.
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