Boeing has announced a $6.2 billion quarterly loss as 33,000 machinists strike and the planemaker’s new chief executive fights to restore its reputation.
Kelly Ortberg, 64, who took over as chief executive in August, called for a “fundamental culture change” at Boeing. He said trust in the company has eroded, it is “saddled with too much debt” and there have been “serious lapses” in its performance.
He said the company was “at a crossroads” and needed to improve the operation of its 737 Max and 777 manufacturing lines and defence business.
“This is a big ship that will take some time to turn but when it does, it has the capacity to be great again,” Ortberg told employees before his first earnings call as chief