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Stock impact report

Boeing Chief To Acknowledge 'Serious Missteps' At US Senate Hearing [Barron's]

Alaska Air Group, Inc. (ALK) 
Last alaska air group, inc. earnings: 1/28 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.alaskaair.com/investors
Company Research Source: Barrons
On the eve of the hearing before the Senate Commerce, Science and Transportation Committee, Kelly Ortberg sent a message to the company's 160,000 employees saying his testimony would be key "to restore trust" in the crisis-plagued manufacturer. "Boeing has made serious missteps in recent years -- and it is unacceptable," Ortberg will say, according to the prepared remarks, which the company made public Tuesday. Boeing has suffered for several years from production quality problems, with the latest major incident in January last year involving an Alaska Airlines 737 seeing a door plug fly off mid-flight. In January, it reported a loss of $3.9 billion as the company continued to experience a hit from a more than seven-week labor strike that shuttered two major assembly plants. Ortberg took over in August, and will testify on Boeing's restructuring efforts. "We have made sweeping changes to the people, processes, and overall structure of our company," he will say. "While there Show less Read more
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