BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
The original BBJ-737 was designed to accommodate 19 passengers, but various versions with up to 30 passenger capacity were also released. The aircraft comes equipped with standard winglets, which offer a 7% reduction in lift-induced drag and a 5% increase in operational range.
Ortberg said the company's 737 Max deliveries will likely reach the "upper 30s" this month, up from 17 in December. "We're a little ahead of where I expected," he told CNBC's "Squ
Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and will be allowed by U.S. President Donald Trump's administration to then increase that to 42,
Boeing's focus on core values and product-driven turnaround under CEO Kelly Ortberg offers promising long-term potential. Click here to read why BA is a Buy.
The loss demonstrates the challenges facing CEO Kelly Ortberg in turning around the planemaker as it cedes more ground to rival Airbus.
Boeing on Tuesday reported an annual loss of $11.83 billion, its largest since 2020, as it grappled with problems at its commercial and defense units and the fallout from a crippling strike by U.S. West Coast factory workers.
Boeing’s stock rose after the company said it may be streamlining its business, which could include the selling of some assets in the coming months or year.
Boeing posted a fourth-quarter loss of $3.8 billion on Tuesday as a machinists strike and other problems continued to plague the troubled aircraft manufacturer.
In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."
But Boeing is far down the leaderboard of the longest streaks of red ink in the S&P 500. The industrial parts and repair company DEX lost money for 18 years in a row before turning profitable in 2019. SBA Communications and LiveNation are tied for second with 17-year runs of red ink that are thankfully over.