Boeing

Boeing will cut about 5 percent of positions in its commercial airplanes division, affecting roughly 2,500 employees. The move follows a series of failures and problems ramping up production of the 737 MAX and 787. CEO Kelly Ortberg had already acknowledged that production and delivery targets for the 737 will be missed this year. The unit employs about 50,000 people in total. » Mere på kurier.at

Boeing will eliminate about 5% of its commercial plane workforce through a mix of layoffs and attrition as it moderates the pace of ramping up jet production to allow factories and suppliers time to stabilise. Layoff notifications begin in December, said commercial chief Stephanie Pope, who cited improved certifications but said the company has not fully recovered. Boeing previously pushed back plans to raise 737 Max output targets into the second half of 2027, and executives said more time is needed to achieve predictable wing and fuselage production. CEO Kelly Ortberg expects stability to take into next year. » Mere på theguardian.com

Boeing will reduce its commercial airplane workforce by about 5% through attrition and involuntary layoffs, with notifications beginning in December, after adjusting production schedules. The cuts follow slower-than-expected progress stabilizing 737 Max production; the company is currently producing roughly 47 planes per month. Boeing now expects a meaningful output increase only in the second half of 2027, targeting a rate of 52 737 Max planes per month then. » Mere på cnbc.com

After a disappointing outlook and a sharp share price drop, Boeing is expected by observers to go back on the offensive. The group relies on strong defense and service businesses, extensive government support and publicly funded research, which keep its earnings power intact despite problems with the 737 MAX and 777X. A high order backlog and comparatively low operating costs for customers could strengthen Boeing’s competitiveness against Airbus again in the medium term. » Mere på wiwo.de

Boeing reported mixed third-quarter results with revenue of $24.19 billion and an adjusted EPS loss of $0.34, while free cash flow beat quarterly estimates at $464 million. Management said the company now expects to reach $10 billion annual free cash flow in 2029 (one year later than Street models), forecasting $3 billion FCF in 2027 and $6 billion in 2028, which triggered a sharp share sell-off. Boeing pointed to production bottlenecks—notably wings—and a delayed 737 Max ramp to 52 units per month (now expected in H2 2027), but highlighted a record backlog and stable demand that support the longer-term cash-flow targets. » Mere på cnbc.com