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Boeing Suffers $6 Billion Loss in 3rd Quarter, CEO Calls for Fundamental Cultural Changes

Its net loss was $6.174 billion, compared with a $1.638 billion loss in the previous quarter.
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Boeing Suffers $6 Billion Loss in 3rd Quarter, CEO Calls for Fundamental Cultural Changes
The headquarters for The Boeing Company is seen in Arlington, Va., on Jan. 31, 2024. Samuel Corum/Getty Images
Panos Mourdoukoutas
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Boeing reported a massive loss of $6 billion in the third quarter, just hours before a labor vote on Wednesday. The company’s president and CEO, Kelly Ortberg, stated that it needs fundamental changes in its culture to return to the iconic brand it was for decades.

On Wednesday morning, the Arlington, Virginia, company reported revenue shortfall, massive losses, and cash burn for the quarter.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”