Boeing(US:BA) Business Insider·2025-01-07 13:02Boeing's Current Challenges - Boeing's share price fell 31% in 2024, making it the worst performer on the Dow Jones Industrial Average [3] - The company faced scrutiny after a door plug came off an Alaska Airlines 737 Max in midair in January 2024 [3] - A seven-week strike further limited aircraft production, compounding Boeing's problems [3] Historical Context and Recent Developments - Boeing last announced a new plane model over 20 years ago, the 787 Dreamliner, which entered commercial service in 2011 [4] - Since then, Boeing has focused on updating previous models, such as the 737 Max, which has faced significant issues [5] - The 737 Max suffered two crashes in 2018 and 2019, resulting in 346 deaths, partly due to issues with the MCAS software [5] Industry Competition and Future Plans - The 737 Max program was reportedly hurried to compete with Airbus' A320neo, which broke records at the 2011 Paris Air Show [6] - Boeing's next plane, the 777X, a modernized version of the 777, has faced certification delays, with its entry into service pushed back to 2026 [7] Call for Innovation and Morale Boost - Former Boeing CEO Phil Condit has called for the company to start designing a new plane as soon as possible to change its fortunes [1] - Condit emphasized that working on a new plane could boost employee morale, as people come to work because they care about what they are doing [2][8] - The resolution of the recent strike included a commitment that Boeing's next commercial airplane would be built in the Seattle area if a new program is launched during the term of the agreement [3]