What Happened
Aviation Giant Faces Investor Disappointment Over 737 MAX Production
Boeing’s shares plummeted 10.7% after the company’s leadership provided a cautious production growth forecast, citing the need to stabilize output at 47 planes per month before reaching 52 per month by the second half of 2027. The aviation giant reported a third-quarter loss of $116 million, compared to a $5.3 billion loss in the year-ago period, and expects to achieve $10 billion in annual free cash flow by 2029. Boeing’s CEO, Kelly Ortberg, defended the approach, emphasizing the importance of getting the production ramp right. The company’s progress in restoring trust and transforming its culture was noted by aviation expert Richard Aboulafia. This development was first reported by Malay Mail.