Boeing hit with new industrial setbacks as 737 MAX crisis deepens

) cut production of its flagship Dreamliner and delayed the arrival of a successor to its 777 mini-jumbo, piling new pressures on a rejigged senior management team on Wednesday as the continued safety grounding of its 737 MAX sliced third-quarter profits.

“The 787 cut appears to be mostly tied to China trade negotiations, which at least have the potential to improve over the next 12-months,” said Seaport Global analyst Josh Sullivan. Boeing has begun taking steps to increase safety oversight in its industrial operations and at the board level, he added.

Core operating earnings fell to $895 million or $1.45 per share, from $1.89 billion or $3.58 per share, a year earlier.Investors on a conference call later on Wednesday will be eager for details on Boeing’s new leadership and efforts to repair its image with the flying public and airline customers.

Boeing has to admit the 737 Max is flawed by design (to 'save' on development costs ironically) and will never be safe. Withdraw the product from market, take the write-down, purge management ranks, and move on...

How much profit do they make compared to production and running cost when there's still profit with a failing of an entire product line? Holy sh...

Dump your Boeing stock! Why invest in a company that murders people by lying about safety and intentionally cutting corners. That poor judgement isn't what I want with my money.

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