"Boeing CEO Takes Accountability for Production Defects and Safety Risks"

Boeing CEO Dave Calhoun acknowledged the "serious challenge" the company faces in restoring confidence following the mid-air incident involving one of its 737 Max 9 jets. The incident has raised concerns about the company's manufacturing record and prompted an investigation by the FAA. Calhoun emphasized the company's commitment to prioritizing quality and safety, and announced that Boeing would not offer formal financial guidance for the year. The company's revenue rose 10% to $22bn, while its losses in the quarter narrowed to $283m.