Transportation

Boeing’s Endless Doom Loop Gives No Respite to CEO Ortberg

  • Planemaker announced job cuts and steep charges on Friday
  • CEO Ortberg hinted a broader review of structure may happen
Boeing Adds Layoff, $5 Billion Charge to Endless Doom Loop
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As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse.

From a freak accident that blew a door-size hole into the fuselage of an airborne 737 Max to revelations of sloppy workmanship and now a crippling strike entering its second month — the icon of US manufacturing has been beset by trouble since the first days of January. Cash is dwindling, plane production is anemic and the stock is heading for its worst annual performance since the financial crisis in 2008.