Boeing is improving. Can CEO Kelly Ortberg keep it up?

In the last seven years, after spiral from crisis to crisis, after spiral, Boing CEO is stable under Kelly OrtbergLeadership.

Ortberg, a long time aerospace executive and an engineer who manufacturer Retirement Last year to fix the problem related to the problem, this week is set to underline significantly Progress Since he had taken a rudder a year ago. Boeing reported the quarterly results and gave his approach on Tuesday.

So far, investors are preferring what they are seeing. The company’s shares are more than 30% so far this year.

Wall Street analysts hop Year ago When it reports. Ortberg told investors in May that the manufacturer expects Causing cash In the second half of the year. Boeing’s aircraft production has increased, and its Airplane delivery Just hit the highest level in 18 months.

This is a change for Boeing, whose Gradual leader Aircraft delivery schedule, certificate, financial goals and missed targets in culture, disappointing investors and customers, while rival Airbus pulled forward.

“The general agreement is that Richard Abolafia, managing director of an aerospace consulting firm Aerodynamic Advisory, said,” The general agreement is that culture has been changing after the wounds of self-infusions for decades. ,

Analysts hope that the company will post its first annual profit from next year onwards.

“When he got a job, I was not optimistic as today,” said Bernstein’s Senior Aerospace and Defense Analyst, Douglas Herped.

The work of Ortberg was already cut for him, but when he arrived, the challenges increased manifold.

Company bleed cash, Ortberg announced Huge cost cutLaying 10% of the companyIts machineists who make most of its airplanes have gone strike For seven weeks until the company and the Workers Union signed a new signature Labor dealOrtberg also oversees over $ 20 billion Capital growth Final decline, changed the head of the defense unit and sold it Jepsen Navigation Business,

Ortberg bought a house in Seattle region, where Boeing makes most of its aircraft, soon after taking a job in August, And their appearance has been positive, aerospace analysts have said.

“He is showing,” said Abulafia. “You show, you talk to people.”

Boeing refused to provide Ortberg for an interview.

Boeing leaders hoped that one Turnaround year In 2024. But five days, a door-plug Blasted in attack It climbed out of Portland as approximately the new Boeing 737 Max 9. Almost catstroff Bring Boeing into a production recession, investigation of new federal aviation administration and billions of cash burn.

The key bolts were left from the aircraft before distributing it. Alaska AirlinesIt was the latest in a range of quality problems in Boeing, where other defects need to take time.

Boeing had already re -left with two deadly Max accidents in 2018 and 2019, which reduced the reputation of America’s largest exporter. The company reached one in May agreement To avoid the prosecution with the Department of Justice, a battle stems from a battle on the charge of a previous criminal conspiracy tied to accidents. Family members of the victims slammed the deal when it was announced.

For years, officials of the top Boeing airline customers publicly complained about the manufacturer and its leadership as they were struggling delayed. Ryanier’s CEO Michael O’Lery told investors in May 2022 that the management needs to “boot the reboot or donkey.”

Last week, O’Leeri had a different tune.

“I continue to believe in Kelly Ortberg, [and Boeing Commercial Airplane unit CEO] Stephanie Pope is doing a great job, “He said on an earning call.” I mean, there is no doubt that the quality of what is being produced, the aircraft in the hull and the aircraft in the Wichita have been dramatically improved. ,

United Airlines CEO Scott Kirby suspected the Boeing 737 Max 10 after the January 2024 door-plug accident, as the carrier did not prepare the aircraft in its fleet plan. The aircraft is still not certified, but Kirby has stated that Boeing is predicting more on airplane delivery.

Nevertheless, the delay for Max 10, the largest of the maximum family, and yet certified Max 7, is the smallest, a headache for customers, especially since there are very little or much more seats on a flight, may determine profitability for airlines after having very little or too much seats.

“They are acting the right problems. The continuation of delivery is much better,” Southwest Airlines CEO Bob jordan Last month said in an interview. “But there is no update on a maximum of 7. We are assuming we are not blowing it in 2026.”

FAA cap of Boeing Production 38 maximum in a month, a rate that it has reached. To go beyond that, for a target of 42, Boeing will need FAA’s blessings.

Ortberg said this year that the company is getting stable to go beyond that rate. The manufacturers are paid when the aircraft is distributed, so high production is important.

“I would suspect that they will do those discussions very soon,” said Hard. “It’s 47 [a month] I think there is a challenging break. ,

He said that Boeing has a lot of inventory to help increase production.

Its defense unit is also suffering. Defense unit cse -46 covers tanker programs and programs like programs Air Force oneWhich has drawn the public IRE from President Donald Trump. Trump was disappointed with delay on two new jets to serve the President, one used, one used Qatari Boeing 747 Possibly to use a president’s aircraft, although internal sources say that the aircraft used may require reconstruction of months.

Ortberg replaced the head of that unit with a final decline.

“They are not completely out of the forest,” said Hard.

Boeing and Ortberg also have to start thinking about a new jet, some industry members said. Its best -selling 737 first began in 1967, and the company was looking at a midsize jetiner before both accidents.

“Already ‘read my lips, no new jet.” I would like to see that fast, “Abulafia said.” He is a boy who does so. “