BA stock, with -32% returns since the beginning of 2024, has significantly underperformed the S&P 500 index, up 27%.
Boeing argued that the exemption would enable quicker certification and delivery of the 737 MAX 7 and 737 MAX 10 aircraft.
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Boeing posted a roughly $4 billion loss for the fourth quarter, according to preliminary results last week. The company has taken charges that span its defense and commercial airplane units. CEO Kelly Ortberg is set to detail the company's next steps after safety and manufacturing crises.
Despite more than $11 billion lost last year, investors are growing more optimistic about Boeing’s financial health. On Tuesday, the plane maker released fourth-quarter earnings showing nearly $4 billion in losses.
In an interview with The Seattle Times after reporting grim financial results early Tuesday, Kelly Ortberg said that six months into the job, he thinks Boeing is "starting to turn the corner."
The FAA initiated the rulemaking process to avert serious injuries to seated occupants on the seats of Boeing 787-8, 787-9, and 787-10 aircraft.
President Donald Trump's nominee to head the U.S. Transportation Department said he will keep in place a cap on production of Boeing 737 MAX planes put in place after a mid-air panel blowout last year until he is satisfied it can be safely raised.
On today’s briefing we talk about DeepSeek’s impact on travel, AirAsia Move’s new chairman, and Boeing’s sunny take on cloudy earnings.
Donald Trump blamed mentally and physically disabled workers for a deadly collision between an American Airlines passenger jet and a U.S. Army helicopter. The president blamed his two predecessors Barack Obama and Joe Biden,