Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

Wednesday is shaping up as one of the most significant days in a volatile year for Boeing , which is expected to report a huge third-quarter loss, introduce its new CEO on his first earnings call, and learn if machinists will end a strike that has crippled the company’s aircraft production for more than a month.

The strike is an early test for Kelly Ortberg, a Boeing outsider who became CEO in August.

Ortberg has already announced large-scale layoffs and a plan to raise enough cash to avoid a bankruptcy filing. He needs to convince federal regulators that Boeing is fixing its safety culture and is ready to boost production of the 737 Max — a crucial step to bring in much-needed cash…

Story continues

YOU MIGHT ALSO LIKE

TRENDING ARTICLES