Boeing Warns on Cash Burn, Awaits Strike Vote

12:06pm, Wednesday, 23'rd Oct 2024
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.
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 (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

Boeing CEO outlines changes needed at the company

11:24am, Wednesday, 23'rd Oct 2024
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 l
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
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
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 estimat
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.

Dow Tumbles Over 250 Points; Boeing Posts Q3 Loss

09:50am, Wednesday, 23'rd Oct 2024
U.S. stocks traded lower this morning, with the Dow Jones index dipping more than 250 points on Wednesday.
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.
Kelly Ortberg presented turnaround plan for planemaker ‘at a crossroads' after 737 Max fiasco and ongoing strike
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,"
Greg Ip, Wall Street Journal deputy economics editor and chief economics commentator, joins 'Squawk Box' to discuss the challenges facing Boeing and Intel, what can be done to fix the companies, the r
Ron Epstein, Bank of America Securities senior aerospace analyst, joins 'Squawk Box' to discuss Boeing's quarterly earnings results, the challenges facing new CEO Kelly Ortberg, and more.
Boeing Co (NYSE:BA, ETR:BCO) offered a stark view of the struggles it has faced this year through results on Wednesday. Operating losses surged from US$808 million to US$5.76 billion year on year in t
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