Quantcast

Boeing CEO outlines structural changes amid ongoing challenges

GLOBAL INDUSTRY NEWS
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
Global Airline Industry Revenues Forecast To Top $1 Trillion For First Time In 2025
EasyJet to launch six new routes from the UK next year with £24 flights
A No-Frills Airline Is Getting Into the Premium Game
TAKING OFF: Major airline introduces new inflight service rules with less time to order your drinks
2 Delta flight attendants fail breathalyzer test before flight to JFK
EasyJet reveals plans for new flights from regional UK airport next summer
Airlines not switching quickly enough to green jet fuel, study says
Alaska Airlines tech issue briefly grounds planes in Seattle, disrupts bookings on Cyber Monday
US Senate panel criticizes rising airline seat fees, will call execs to testify
Spirit’s Demise Is a Lesson in ‘Airline-o-nomics’
Inside BA’s new first-class suites: £800 an hour for most private seat
Focus: US airline flight crews confident and angry as unions seek richer contracts
Hawaiian Airlines Eliminates Widebody Route Amid Alaska Airlines Merger
US budget airlines are struggling. Will pursuing premium passengers solve their problems?
Delta CEO says the Trump administration will reverse government ‘overreach’ seen under Biden
Spirit Airlines files for bankruptcy: How will it affect your travel plans?
British Airways yet to identify cause of latest IT meltdown
Delta Airlines Will Start Serving Shake Shack Cheeseburgers Next Month
United Sees Nearly 30% Surge in Travel to European Christmas Markets
Budget airline Israir to launch flights between Israel and NY, ending wartime monopoly by flagship carrier El Al
Asia's airlines blame supply chain woes for disrupted operations
Qantas and Qatar Airways: Planned partnership in the Australian aviation industry under the microscope
Spirit Airlines delays release of Q3 financial results as debt restructuring talks heat up
Delta investigating after plane’s nose mysteriously suffered damage
What Elon Musk's Starlink means for airlines
CAP OFF Major twist in Dublin Airport passenger cap row as High Court pauses decision in victory for airlines next summer season
Riyadh Air plans new jet order decision early next year
Calls for a blanket ban on politicians receiving free flight upgrades
Global Industry News
Boeing CEO outlines structural changes amid ongoing challenges
Webp g9qu4up1rykhdkrtjslyzg8k02bh
Chris Raymond Executive Vice President President and Chief Executive Officer, Boeing Global Services | Boeing

Boeing CEO Kelly Ortberg addressed employees on October 11, 2024, regarding the company's current challenges and future direction. In a message to staff, Ortberg emphasized the need for structural changes to maintain competitiveness and fulfill customer expectations over the long term.

Ortberg outlined specific program updates that reflect Boeing's strategic adjustments. The 777X program faces delays due to development challenges, flight test pauses, and work stoppages. Consequently, first deliveries are now expected in 2026. Additionally, Boeing will complete existing orders for 767 Freighters before ending production of the commercial program in 2027. However, production of the KC-46A Tanker will continue.

The company anticipates significant new losses in its BDS segment this quarter due to fixed-price development program issues and other challenges. Ortberg announced he would provide more oversight of this business area.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
Subscribe
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

As part of aligning with financial realities and focusing priorities, Boeing plans a workforce reduction of approximately 10 percent across executives, managers, and employees. Ortberg assured employees that leadership would soon share detailed information about these changes within their respective organizations.

Ortberg acknowledged the difficulty these decisions pose for employees but stressed their necessity for business recovery. He committed to transparency throughout the process while maintaining focus on safety, quality, and customer delivery.

In closing his message to employees, Ortberg expressed gratitude: "Thank you for all that you are doing through this very challenging time at Boeing."

Organizations Included in this History
Boeing
More News

Asian airlines address future challenges at Routes Asia Conference 2025

At the Routes Asia Conference 2025, four prominent Asian airlines shared insights into their current challenges and strategic changes they are implementing.

Apr 3, 2025

Delta enhances in-flight Wi-Fi across transatlantic routes and beyond

Delta Air Lines has announced a major enhancement in its connectivity services with the rollout of fast, free Wi-Fi across its transatlantic network, encompassing destinations in Europe, Israel, and West Africa.

Apr 3, 2025

Traveler wins AAdvantage miles refund after Seattle rental car reservation mishap

After a trip from Nashville to Seattle, Jeanette Kronquist encountered an unexpected issue with her rental car reservation.

Apr 3, 2025

FedEx versterkt logistieke mogelijkheden met nieuwe locatie bij Schiphol

FedEx, het grootste exprestransportbedrijf ter wereld, heeft een nieuwe locatie in Amsterdam geopend, waarmee het zijn logistieke capaciteit in Nederland verder uitbreidt.

Apr 3, 2025

Chase Sapphire Preferred's annual fee justified by card benefits and rewards

The Chase Sapphire Preferred Card is under the spotlight for its annual fee of $95, as cardholders and potential applicants weigh the benefits against the costs.

Apr 3, 2025

Eurowings expands services and promotes inclusion with Sunflower network membership

Eurowings is set to enhance its partnership with Smartwings by extending its service network from Prague’s Václav Havel Airport.

Apr 3, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Delta Air Lines to open renovated flight museum on April 7

2

Newark Airport opens a second sensory room at Terminal A

3

Flying Food Group employee on Unite Here union: 'They're not honest people'

4

Flying Food Group earns EcoVadis badge for sustainability improvements

5

HR Manager of Flying Food Group: 'Vehemently deny' allegations of harassment, discrimination