The Boeing Company (BA)
Boeing CEO says 'trust in our company has eroded,' calls for 'fundamental culture change'
Boeing CEO Kelly Ortberg said on the company's earnings call that "trust in our company has eroded" and the aerospace giant needs a culture change as well as an improved balance sheet.
Boeing Warns on Cash Burn, Awaits Strike Vote
The jet maker posted its biggest quarterly loss since 2020. CEO Kelly Ortberg said the jet maker needs a culture change and a deal with striking machinists.
Boeing posts staggering $6B loss as CEO calls for ‘fundamental culture change'
CEO Kelly Ortberg said Boeing is now reviewing its businesses and may end up selling some assets, as it downsizes its workforce to focus on civil planemaking and core defense units.
Boeing Posts Wider Loss Than Expected as It Awaits Union Vote on Ending Strike
Boeing (BA) reported third-quarter results below analysts' estimates Wednesday as the company awaits the result of a machinists union vote on its latest contract proposal, which could end a five-week strike that halted production and led the company to cut costs.
Boeing CEO outlines changes needed at the company
Analysts at Bank of America believe that Boeing Co (NYSE:BA, ETR:BCO) CEO Kelly Ortberg offered a positive direction for the company's strategy. "It will take time to return Boeing to its former legacy but, with the right focus and culture, we can be an iconic company and aerospace leader once again," Ortberg said.
Boeing CEO Kelly Ortberg: We really need to embark on a culture change
Boeing CEO Kelly Ortberg joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the challenges facing the company, how he plans to change the company culture, impact of the ongoing machinists strike, and more.
Boeing CEO Kelly Ortberg on $500 billion backlog: This is a story about us getting our act together
Boeing CEO Kelly Ortberg joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the challenges facing the company, how he plans to change the company culture, impact of the ongoing machinists strike, and more.
Compared to Estimates, Boeing (BA) Q3 Earnings: A Look at Key Metrics
The headline numbers for Boeing (BA) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Boeing Q3 Earnings Lag Estimates, Revenues Decrease Y/Y
BA's Q3 revenues amount to $17.84 billion, which meet the Zacks Consensus Estimate. The top line also decreases 1% from the year-ago reported figure.
Boeing (BA) Reports Q3 Loss, Misses Revenue Estimates
Boeing (BA) came out with a quarterly loss of $10.44 per share versus the Zacks Consensus Estimate of a loss of $10.34. This compares to loss of $3.26 per share a year ago.
New Boeing CEO promises ‘fundamental' culture shift amid strike and cash crunch
Kelly Ortberg presented turnaround plan for planemaker ‘at a crossroads' after 737 Max fiasco and ongoing strike
Boeing's CEO lays out his 4-part turnaround plan to fix 'festering of issues' in a memo to employees
Boeing's new CEO shared a memo with employees on Wednesday laying out his plan to turn around the struggling planemaker. Kelly Ortberg, who took over in August, said "trust in the company has eroded," that it's "saddled with too much debt," and has had "serious lapses in performance.
