Boeing CEO Kelly Ortberg outlines progress as the company reports quarterly results and gives its outlook. Investors are pleased with a more than 30% stock increase this year. Analysts expect second-quarter losses to halve, with Boeing working towards generating cash in the second half of the year. Aircraft production and deliveries are up.

Ortberg faced challenges upon arrival, including massive cost cuts and laying off 10% of the company. A seven-week machinists’ strike ended with a new labor deal. Boeing also underwent a $20 billion capital raise and sold its Jeppesen navigation business. Ortberg’s presence in Seattle has been positive.

Boeing’s quality issues, including a door-plug blowout on a Max 9 aircraft, have led to scrutiny and cash burn. The company reached an agreement with the Justice Department over criminal charges related to previous crashes. Customers have complained about delays, but recent improvements have been noted. Some Max models are still awaiting certification, causing headaches for airlines. President Trump, frustrated with delays on new jets, eyes a used Qatari Boeing 747 for presidential use. The plane may need months of reoutfitting. Boeing and Ortberg, facing challenges, must consider a new jet. Industry experts are pushing for new jet development, with a focus on accelerating the process.

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1. The U.S. economy added 943,000 jobs in July, surpassing expectations and marking a significant improvement from the previous month.

2. The unemployment rate fell to 5.4% in July, down from 5.9% in June, as more Americans returned to the workforce.

3. Wages also increased by 4% over the past year, providing a boost to workers’ purchasing power.

4. The strong job growth and wage increases are seen as positive signs for the economy’s recovery from the pandemic-induced downturn.: Boeing is improving. Can CEO Kelly Ortberg keep it up?