Bad News At Boeing, Again

October was another month full of struggles for Boeing. The planemaker saw just 14 deliveries as it witnessed strike action and significant limitations on its overall output rate. These problems are continuing to put pressure on the American planemaker's finances.

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[nuevision]

Former Boeing employee here. 88-93. Laid off. Never looked back.
The company merger with McDonald Douglas created a culture of Accounting priority, and left the culture of Engineering & Quality in the past.
Fortunately the World has Airbus, Embraer, Bombardier, Gulfstream, and now Comac, to gain market share and focus on safety.

[Celticsamuraiblue]

Shareholder & Corporate greed has ruined Boeing.

[johncostigan]

First, take a first-tier company and remove all the things that made it a first-tier company. Then...

[CristianDiaz-pg]

All major companies try to do the same business practice of squeezing all the juice and energy out of their employees without paying attention to quality and safety. There is no way around it for Boeing or to any other company, you have to pay well to retain quality employees in order to have a good finished product. When it comes to airplane makers, safety is of the utmost concern and adequate supervision must always be present. Cutting corners to make huge profits does not cut it anymore if it means putting safety on the line.

[pannaphatpruktayanont]

The word “again” is an understatement at this point.

[Plen]

And their new ceo saying the employees should take responsibility is INSANE. No hope for Boeing anymore….

[brianj]

Boeing management's main problem is their dislike of airplanes and their love of finance...

[idunnoanymore]

It’s not cursed just utter mismanagement and greed that ruined this once beacon of a business.

[appomattoxross]

One can be a good CEO and make a lot of money.
One can be a bad CEO and make a lot of money.

[MFoley-tvzh]

14?
I’m surprised they shipped that many! IF all goes well, they might get up to 33 units a month by mid 2025. I don’t expect an increase beyond that before mid 2026. That’s not being pessimistic. They really do need to spend effort on changing their culture.

The CEO needs to get management’s attention off of Wall Street and profits and back onto building planes.

If they can do that, then he could allow them to divert a little attention to profits. In 2027!

They must not forget their first priority is the product! Profits will come if you do that right. If you don’t make a good product, then you don’t need to be in business.

Moving corporate headquarters back to Seattle would be a good idea to get things started.

[rrewy]

Staff morale must be at a all time low despite the new contract etc, low morale leads to inferior work standards not really what you want when the end result is a passenger aircraft.

[markhughes]

Let's see some pretty extensive cuts of executive 'compensation' and unearned bonuses and see how that works out. Just saying.

[mikeperonteau]

Boeing will never again be Boeing until they expunge all traces of McDonnell Douglas from the company. That includes the logo.

Only then can they get serious about a true recovery.

[DCTag]

Talk about ruining a name that brought pride and joy to the country.

[FrewstonBooks]

At 14 planes a month from Boeing, Airbus is delivering 4 times (and hoping to get to 5 times) the output from Boeing. Not sustainable for Boeing if it wants to remain in the commercial aircraft business. The danger here (and I say this as an Airbus fan) is that the company could be split into two - military and commercial. The commercial side is barely viable right now, and that would be bad for the whole industry - Airbus needs the competition.

[connclissmann]

What I think would have little impact as I don't have engineering inspectors on the Boeing factory floor. Among others, Ryanair does and so it would be interesting to get O'Leary's take!

[idunnoanymore]

Going, I mean Boeing, just laid off a ton of people, how are they going to increase output?!?M

[gpm]

Shedding 10%of its staff can hardly be positive having such a back log . It’s hardly delivered any wide bodies this year and with the longer delays to the triple x and 737 max 7s and 10s how do they ever hope to catch up?

[stcroixliberal]

what a shame those criminals ruined a great company what happened with the guy found dead in his truck? whistleblower.

[jamieammar]

Only way is to go up from here. Evaluate and look ahead.