Boeing's head of government affairs and top lobbyist, Ziad Ojakli, is leaving the company effective immediately, as announced by CEO Kelly Ortberg in an email to employees. Ojakli, who joined Boeing in September 2021, will be temporarily succeeded by Bill McSherry. The company has faced challenges this year, including a significant incident involving a door plug on a Boeing 737 Max 9 jet.
Delta Air Lines CEO Ed Bastian expressed optimism about the Trump administration"s regulatory approach, calling it a potential "breath of fresh air." He criticized the current Department of Transportation for overreach, particularly regarding consumer protection rules and scrutiny of airline loyalty programs. Other airline executives echoed the need for stability and resources to enhance air traffic control and infrastructure, anticipating a more favorable environment for mergers under the incoming administration.
Boeing's new CEO, Kelly Ortberg, will present his vision during the company's first earnings call under his leadership, amid a significant strike by over 32,000 machinists. Preliminary results indicate a revenue of $17.8 billion and a loss of $9.97 per share for the third quarter, while the ongoing strike is costing the company $1 billion monthly. Analysts expect a labor vote outcome on a new proposal that includes 35% raises, crucial for stabilizing the aerospace supply chain.
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