Hopes for turnaround lift Boeing shares despite huge losses

Boeing News

Hopes for turnaround lift Boeing shares despite huge losses
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NEW YORK, Jan 29 — Boeing reported a hefty fourth-quarter loss yesterday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may...

Boeing CEO Kelly Ortberg said Boeing is actually a little ahead of where expected in terms of ramping up production on the 737 MAX following the strike and intensified process control checks after the Alaska Airlines incident. — Pic by AFPas a first-time user . Exclusively for Malay Mail readers: Use codeNEW YORK, Jan 29 — Boeing reported a hefty fourth-quarter loss yesterday following a bruising 2024, but shares rallied on hopes that early turnaround signs under a new CEO may bear fruit.

Ortberg described a number of operational performance indicators that look at parts shortages, work performed out of sequence and other factors. The results were consistent with a January 23 profit warning in which Boeing flagged the impact of the labor strike on company operations.

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Loss 2024 Turnaround New Ceo Aviation Jobs 737 MAX Production 2025 Federal Aviation Administration FAA Safety Concerns Alaska Airlines United States Regulators Donald Trump Elon Musk Air Force One Kelly Ortberg

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