Can anyone pull Boeing out of its nosedive?

Boeing airplanes stand in various stages of maintenance outside the Boeing Renton Factory in Renton.

2024-04-24    

The immediate consequences of the added scrutiny was a sharp fall in deliveries of planes—83 commercial jets in the first quarter, compared with 130 a year ago and, gratingly, with 142 by Airbus, Boeing’s European arch-rival (see chart). The damage was apparent when Dave Calhoun, its boss, presented quarterly results on April 24th. After announcing a net loss of $355m, he sought to assure sceptical investors that the company was making good progress in resolving its manufacturing problems. Hanging over the earnings call was also the question of who might replace Mr Calhoun, who a month ago announced his departure at the end of the year amid a big shake-up of management and the immediate appointment of a new chairman.

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