Planemaker grapples with problems at commercial and defense units and fallout from west coast workers’ strike

The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the US planemaker as it cedes ground to rival Airbus in the delivery race and comes under the crosshairs of regulators and customers following a series of missteps.

Shares of Boeing rose 0.5% in pre-market trading.

The company reported a quarterly cash burn of $4.1bn, a metric closely watched by investors, slightly lower than analysts’ expectation of a $4.26bn cash burn, according to data compiled by London Stock Exchange Group (LSEG).

  • CubitOom@infosec.pubEnglish
    33·
    3 days ago

    It’s almost like killing hundreds of people at a time by building terrible products while ignoring safety regulations and silencing whistle blowers is a bad thing.

    But at the end of the day. They are a “defense” company so they got nothing to lose.