Sep 25, 2024 - Economy
Charted: Boeing's many woes
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Boeing's headwinds grew stronger today as the head of the FAA told a U.S. Senate panel that the company must address its safety issues before the agency would lift a production cap on 737 Max production.
What he said: "They don't do that, they don't grow, and if they don't grow, they're not going be able to achieve profitability," FAA administrator Mike Whitaker said, per Reuters.
The big picture: The comments came as Boeing still finds itself in a standoff with striking machinists.
- Shares of the company closed down 2.3%.
