Boeing is improving. Can CEO Kelly Ortberg keep it up?
Faa Chief Steve Dickson is flying from Boeing Field 737 Max from Boeing Field in Washington, Seattle on September 30, 2020.
Mike Siegel | Getty Images
In most of the last seven years, after the crisis has embraced the crisis, Boeing CEO is stabilized under the leadership of Kelly Ortberg.
For a long time, the aviation manager and the manufacturer, an engineer who broke out of retirement to correct the company last year, has been arranged to summarize significant progress since this week has received a rudder a year ago. Boeing reports three -month results and gives its view on Tuesday.
So far, investors like what they see. The company’s shares have increased by more than 30% this year.
The Wall Street analysts expect the aircraft manufacturer to halve the second quarter losses he reported a year ago. In May, Ortberg told investors that the manufacturer expects to produce cash in the second half of the year. Boeing’s aircraft production increased and airplane deliveries reached the highest level in 18 months.
Boeing’s stock price.
A change for Boeing, which misses targets on aircraft delivery programs, certificates, financial objectives and cultural changes that disappoint investors and customers while rival Airbus progresses.
“The general agreement is the change of culture after decades of knife wounds,” said Richard Aboufia, General Manager of Aerodynamic Advisory, Aerodynamic Advisory. He said.
Analysts are waiting for the company to publish its first -year profit since 2018 next year.
“When I got the job, I wasn’t as optimistic as today,” he said, senior aviation and defense analyst in Bernstein. He said.
Kelly Ortberg speaks at the 14th Annual US Chamber of Commerce Foundation Aviation Summit in DC city center
Kris Tripplaar | SIPPL SIPA USA | AP
Ortberg’s work was already cut for him, but when the difficulties came, it increased.
While the company earns money, Ortberg announced large cost cuts, including 10% of the company. The machinists, the most of their planes, went on strike for seven weeks until the company and the workers’ union signed a new labor agreement. Ortberg also controlled a capital increase of more than $ 20 billion in the autumn last autumn, changed the head of the defense unit and sold Jeppesen navigation.
Ortberg bought a house in Seattle region where Boeing built most of its planes shortly after entering the work last August– Aviation and space analysts said that its existence was positive.
“He’s showing,” Aboufia said. “You come out, you talk to people.”
Boeing refused to make Ortberg usable for an interview.
Another return
On Wednesday, June 18, 2025 at the Paris Air Show in Paris, France, Boeing Co. Pavilion.
Nathan Laine | Bloomberg | Getty Images
Key Bolts Before Delivering Alaska Airlines. The last of a series of quality problems in Boeing is that other defects require time -consuming re -processing.
In 2018 and 2019, Boeing was withdrawing two fatal maximum accidents that reduced the reputation of the largest exporter of America. In May, the Company made an agreement with the Ministry of Justice to prevent prosecution from a war against a previous penalty accusation. When the family members of the victims were announced, they hit the agreement.
Top Boeing Airline Customers have complained to the public about the manufacturer and leadership for struggling with delays for years. Michael O’leary, CEO of Ryanir, told investors in May 2022 that management should “restart or boot the ass”.
Last week, O’Leary had a different melody.
“I continue to believe in Kelly Ortberg. [and Boeing Commercial Airplane unit CEO] Stephanie Pope does a great job, “he said,” he said. ” In other words, there is no doubt that the quality of the produced, the bodies in Wichita and the aircraft in Seattle are significantly improved. “
United Airlines CEO Scott Kirby aroused suspicion of the Boeing 737 Max 10 after the January 2024 door imitation accident, because the carrier was prepared not to be in the fleet plan. The aircraft is still not certified, but Kirby said that Boeing is more predictable in flight deliveries.
Nevertheless, delays for Max 10, the largest of the Max family, and the certified Max 7, which is not yet made, can determine profitability for airlines, especially on a flight, especially on a flight.
“The right problems are working. The consistency of delivery is much better,” Southwest Airlines CEO Bob Jordan said in an interview last month. “But there is no update at maximum 7. We assume we didn’t fly in 2026.”
Out of the forest
Aircraft bodies for Boeing’s 737 max production facility are waiting for shipment at the Spirit Aerostems center on December 10, 2024, USA.
Nick Oxford | Reuters
Boeing under Ortberg still has a lot to be corrected.
Ortberg said that this year the company has gained stability to go beyond this rate. When the aircraft is delivered to the manufacturers, it receives payment, so higher production is the key.
“I suspect that he will do these discussions very soon.” He said. “47 [a month] I think a challenging break. “
Authorized, Boeing is too many inventory to help increase production, he added.
The defense unit suffered. The defense unit includes KC-46 tanker program with President Donald Trump, such as KC-46 tanker program and Air Force One. Trump, who was disappointed with delays on two new jets who want to serve the President, returned to a Potentially used Qatar Boeing 747, but he says that the inner aircraft may require happiness for months.
Ortberg changed the head of that unit last autumn.
“They don’t completely leave the forest, Har Harned said.
Some industry members said Boeing and Orterg should also start thinking about a new jet. The best -selling 737 first released in 1967, and the company was looking at a medium -sized jetliner before two accidents attracted attention.
“Already ‘Read my lips, no new jet’ has reversed. “The man to do this.”
