The Federal Aviation Administration’s leader stepped down on Jan. 20, months after Elon Musk demanded that he quit. The move by Michael Whitaker means the FAA has no Senate-confirmed leader for one of the biggest crises in its history because he quit before Donald Trump took office.
Boeing's executives outlined that the certification of the Boeing 737 MAX 7, MAX 10, and 777X will be the main focus of 2025, with no change in the previously communicated certification timelines. In his opening remarks during the earnings call,
BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Boeing Company (NYSE:BA) shares are trading lower on Wednesday. Yesterday, the company reported fourth-quarter earnings results, with an adjusted operating loss of $4.042 billion, compared to an adjusted operating earnings of $90 million a year ago.
Despite more than $11 billion lost last year, investors are growing more optimistic about Boeing’s financial health. On Tuesday, the plane maker released fourth-quarter earnings showing nearly $4 billion in losses.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
Elon Musk is working with Boeing on behalf of President Donald Trump in order to speed up replacements for the president’s planes, known as Air Force One, that are over budget and behind schedule.
Boeing CEO Kelly Ortberg on Tuesday faces investors antsy for answers on how the company plans to move forward from manufacturing problems after posting its sixth consecutive annual loss.
Boeing posted weaker-than-expected Q4 2024 earnings as labor strikes and defense program charges weighed heavily on its results.
Boeing faced its own challenges. It started 2024 with the hopes of putting its troubled past behind and getting on with aircraft delivery, but the Alaska Airlines midair blowout incident changed the trajectory of its operations for the rest of the year.