Transportation Secretary Pete Buttigieg says that increasing flight turbulence is an effect of climate change. Buttigieg forecasted that turbulence will continue to “affect American travelers, whether here or abroad.
Things will get worse before they get better.
Boeing and NASA quelled two technical issues on the company's Starliner spacecraft, including a "design vulnerability" requiring a temporary workaround, to get the capsule back on track for its first mission carrying two astronauts to space, officials said on Friday.
Boeing and NASA are moving forward with a June 1 launch attempt of the company's Starliner capsule despite a "stable" leak in the spacecraft's propulsion system.
Boeing (BA) reported earnings 30 days ago. What's next for the stock?
Boeing Co (NYSE:BA) stock is up 0.6% to trade at $173.15 this morning, looking to bounce back from yesterday's 7.6% drop despite a dire warning.
Boeing saw a six-fold increase in submissions from its employees raising concerns related to the safety of products and services during the first two months of 2024, compared with the same period last year, the planemaker said on Friday.
Boeing has faced a series of negative events and new stories in the past three months, including regulatory issues and safety concerns. Despite the challenges, BA remains a major player in the aerospace industry with a strong position and high demand for its products. I continue to hold and add to my position in Boeing, believing that many of the issues can be overcome in the long term.
Boeing Co (NYSE:BA, ETR:BCO) shares fell on Thursday after chief financial officer Brian West warned the planemaker would burn cash this year as it grapples with crisis. West told the Wolfe Research Global Transportation and Industrials Conference on Thursday that Boeing's cash flow would likely be negative over the course of 2024.
Boeing said on Thursday the planemaker has updated its workforce training for new hires for manufacturing and quality after pausing it in late February.
The head of the Federal Aviation Administration (FAA) said Thursday that Boeing has a "long road" ahead in addressing its safety issues as the airplane manufacturer readies its plan.
Boeing's cash flow situation is incrementally worse than their expectations, an S&P Global Ratings analyst said, after the company said it would be cash-flow negative in 2024.