In a memo to employees Wednesday, Boeing CEO David Calhoun said the company has improved its manufacturing quality in part by slowing down production.
Boeing said Wednesday it lost $355 million (U.S.) on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
CEO David Calhoun said the company is in "a tough moment," and its focus is on fixing its manufacturing issues, not the financial results.
Company executives have been forced to talk more about safety and less about finances since a door plug blew out of a Boeing 737 Max during an Alaska Airlines flight in January, leaving a gaping hole in the plane.
The accident halted progress Boeing seemed to be making while recovering from two deadly crashes of Max jets in 2018 and 2019.
This story is from the April 25, 2024 edition of Toronto Star.
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This story is from the April 25, 2024 edition of Toronto Star.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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