Jan 29 Reuters When Boeing CEO Dave Calhoun delivers the company39;s fourthquarter results on Wednesday, he will be doing it while the planemaker is in the middle of its biggest safety crisis since the two fatal 737 MAX crashes in 2018 and 2019.
The company, long a symbol of America39;s manufacturing prowess, is in the crosshairs of regulators, politicians and airlines following a harrowing midair cabin panel blowout on a passengerfilled 737 MAX 9 jet operated by Alaska Airlines earlier this month.
Analysts say Boeing leaders will be trying to assure people that the company39;s focus is on aircraft safety and production quality.
The first thing investors should realize … is they are not the direct focus of this call, J.P. Morgan39;s Seth Seifman said, adding the primary audience is the Federal Aviation Administration, members of Congress and the traveling public.
What is important is safety, quality, Boeing39;s processes, the way that Boeing39;s workforce performs, and the way that Boeing39;s managers evaluate and incentivize that workforce. Those are things that I think management will really need to talk about, he said.
Before the Alaska accident, Boeing was expected to release a new financial and delivery target for 2024 and provide an update on its forecast for 20252026, the timeframe in which the planemaker39;s operations are expected to stabilize.
Boeing projected free cash flow of about 10 billion by 20252026, with 737 production expected to reach 50 per…