Kelly Ortberg speaks at the 14th annual U.S. Chamber Of Commerce Foundation Aviation Summit in downtown Washington, D.C.
Kris Tripplaar | SIPPL Sipa USA | AP
Boeing CEO Kelly Ortberg on Tuesday said the company is making progress on its recovery, including by focusing on core businesses and increasing production after the plane maker’s multiple safety and manufacturing crises drove it to its sixth consecutive annual loss.
Ortberg said the company’s 737 Max deliveries will likely reach the “upper 30s” this month, up from 17 in December.
“We’re a little ahead of where I expected,” he told CNBC’s “Squawk on the Street.” He said Boeing will likely turn cash-flow positive in the second half of the year, after burning through more than $14 billion in 2024, and that the company is set up to reach production of 38 Max aircraft a month.
Boeing’s shares gained 1.5% on Tuesday.
Ortberg, a longtime aerospace executive whom Boeing hired out of…
