Sharon Terlep is a Mint Author at The Wall Street Journal. She focuses on consumer products, with a strong background in aviation and aerospace, covering topics such as airlines and business leaders. Sharon's work has been featured in MarketWatch, El Paso Inc., Yahoo Finance, LiveMint, OPB, and Yahoo News.
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Sharon Terlep's coverage primarily focuses on finance and business, particularly in the aviation industry with a specific emphasis on Boeing. Her articles often contain press releases and cited data, indicating a reliance on official sources and statistical information.
Given this, Sharon would likely be interested in receiving pitches from individuals or organizations that can provide authoritative insights into financial trends within the aviation sector, executive appointments (especially related to CEO positions), stock market implications of industry developments, and detailed analysis of Boeing’s operations.
As she frequently covers Boeing-related stories with an emphasis on its leadership and financial performance, experts who can offer insider perspectives or unique analyses related to these areas may find success when reaching out to her.
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By: Sharon Terlep
A strike by its machinists union could end soon, but the company remains in a perilous financial position.
CEO Kelly Ortberg said the jet maker needs a culture change and a deal with striking machinists.
The jet maker posted its biggest quarterly loss since 2020. CEO Kelly Ortberg said the jet maker needs a culture change and a deal with striking machinists.
CEO Kelly Ortberg said the jet maker needs a culture change and a deal with striking machinists.
Boeing machinists rejected a deal that would have ended a six-week strike, plunging the jet maker into increasing financial peril as it burns through billions of dollars in cash. The vote came on the same day Boeing warned investors that it would remain cash-flow negative in 2025 after burning through more than $10 billion in the first nine months of the year. Analysts estimate the walkout is costing Boeing around $1 billion a month.
The vote came after Boeing reported a $6.17 billion quarterly loss, showing the company is under major financial strain.
Boeing launched an offering to raise $19 billion by issuing 90 million new shares and $5 billion in new convertible preferred shares. Usually secondary offerings depress share prices because they dilute existing investors.
The executive’s retirement comes as the manufacturer attempts to restart factories after a damaging strike.
Boeing Chief Executive Kelly Ortberg told employees the once mighty manufacturer has serious culture problems and can’t afford another mistake. Ortberg, who took over in August, offered a blunt assessment of the troubled aircraft maker’s situation in an hour-long, companywide meeting on Wednesday. “We spend more time arguing amongst ourselves than thinking about how we’re going to beat Airbus ” Ortberg said at an all-hands meeting, according to a recording reviewed by The Wall Street Journal.
The long-delayed upgrade of the aircraft designed to be a flying White House has been one of Trump’s pet projects.
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