Boeing revealed a net loss of $1.4 billion, a substantial increase from the previous year. Revenues slid by 15%, and operating losses rose dramatically. The quarter was marred by lower aircraft deliveries and struggles with defense programs.
Outgoing CEO Calhoun acknowledged the challenging quarter but highlighted progress in strengthening quality management. Boeing faces reputation challenges from ongoing issues like the 737 Max incidents and a guilty plea over safety liabilities.
Despite the tough quarter, new CEO Robert 'Kelly' brings hope, causing shares to rise. Boeing aims to stabilize its operations and restore public trust after years of prioritizing profits over quality and safety.
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