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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.
