Boeing’s CEO outlines plans for company revival amidst financial struggles

Boeing CEO Kelly Ortberg has called for a “fundamental culture change” as the company battles $6 billion in quarterly losses.

The losses are largely due to a crippling strike.

The production halt of key aircraft models has compounded their issues, pushing year-to-date losses close to $8 billion.

CFO Brian West warned Boeing could continue burning cash well into 2025.

Ortberg admitted that Boeing’s reputation has taken a hit, saying the company has lost its “iconic” status.

A $15 billion equity raise may be in the works to stabilise Boeing’s finances.