this post was submitted on 12 Jun 2024
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[–] helenslunch@feddit.nl 164 points 5 months ago (3 children)

Good. Maybe they'll be the first corporation forced to eat crow for their corner cutting.

[–] _sideffect@lemmy.world 108 points 5 months ago (4 children)

Don't count on it, the government will bail them out if they drop further

[–] saltesc@lemmy.world 38 points 5 months ago* (last edited 5 months ago) (2 children)

I wouldn't be so sure. Government bailouts tend to happen because they're almost forces to. Where the economy can suffer greater loss without the bailout. Generally, in a scenario where a company or corporation has nestled itself into something the economy is dependent on. Of course what happens after that bailout is the bad part where it often seems nothing is done to alleviate the economy's dependency, nor is the actions of the body receiving the bailout regulated, monitored, or needing to pay it back.

I don't know how much dire a state the US economy would be in with Boeing missing or significantly damaged, but can't imagine it's perceived to be as bad as the crooked banks.

Edit: Oh, wait. The military is dependent on them. Yeah, there'd be a bailout lol

[–] Ookami38@sh.itjust.works 68 points 5 months ago (1 children)

Boeing has MASSIVE government contracts, and does a ton for both the military and NASA. They're absolutely bailout material, as much as it hurts me to say.

[–] ZapBeebz_@lemmy.world 23 points 5 months ago (2 children)

I'm waiting for a condition of the bailout to be separating Boeing Defense from Boeing Aerospace, so the aerospace side can fail

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[–] RvTV95XBeo@sh.itjust.works 34 points 5 months ago (4 children)

They'll just start selling their planes at a discount to win back buyers, then cut more corners to make a profit at the discounted rate.

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[–] Churbleyimyam@lemm.ee 155 points 5 months ago (3 children)

Is it because their planes keep falling apart or because they keep murdering people?

[–] Matumb0@lemmy.world 41 points 5 months ago (1 children)

It is because they murder them after they report on the whistleblower hotline. You have to act more strategic…

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[–] Snapz@lemmy.world 125 points 5 months ago (2 children)

You think it had anything to do with those planes breaking apart in the sky?

[–] Agent641@lemmy.world 128 points 5 months ago (11 children)

No, its millennials killing the aircraft industry.

[–] Tja@programming.dev 97 points 5 months ago (3 children)

Well, you might have a point. I'm a millenial and I didn't buy a single Boeing last month. Damn you, cancel culture!

[–] Fester@lemm.ee 58 points 5 months ago (2 children)

I wish I could afford a Boeing, but I go to Starbucks 35,000 times a day.

[–] Burn_The_Right@lemmy.world 33 points 5 months ago (1 children)

Damn kids. No one wants to fly anymore.

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[–] ours@lemmy.world 21 points 5 months ago (1 children)

If you had cut out the avocado toast, you could have afforded your own wide-body jet liner before your 30s.

[–] ChickenLadyLovesLife@lemmy.world 15 points 5 months ago (2 children)

One Boeing 737 MAX = 6.5 million avocado toasts. You'd have to go without avocado toast for ... uh ... two weeks?

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[–] GenosseFlosse 18 points 5 months ago

No, they just didn't kill enough whistleblowers...

[–] exanime@lemmy.today 115 points 5 months ago (3 children)

When you run an engineering company as a business, you wind up with no business at all

[–] jubilationtcornpone@sh.itjust.works 63 points 5 months ago (3 children)

"Made in USA" is well on it's way from being a symbol of quality to implying a lack of. Don't get me wrong, I'm a big proponent of domestic manufacturing. But there are an outsized number of executives who don't seem to get that when you make shitty products, you will alienate all your customers who will then no longer buy your shitty products. That kind of reputational damage is incredibly hard to recover from. Especially when you make airplanes that have a tendency to fall out of the sky which is sort of a deal breaker for people who want to buy an airplane. Hope it was worth jacking up their stock price for five minutes.

[–] UnderpantsWeevil@lemmy.world 27 points 5 months ago

well on it’s way from being a symbol of quality

US Cars have been an international joke since the 70s. And Boeing's success is largely in contrast to McDonald Douglas, which crapped out back in the 90s and was forced into a merger to get bailed out. This isn't an issue of "American Quality" so much as it is an issue of "Traditional manufacturing methodology" being whittled away over time by profit-obsessed shareholders and C-levels.

Boeing was a little late to the party, but that's got nothing to do with American symbology. Everyone from Intel to Burger King have been on this trajectory for decades.

Hope it was worth jacking up their stock price for five minutes.

It was for the CEOs who already cashed out and abandoned the company, yes.

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[–] chonglibloodsport@lemmy.world 25 points 5 months ago (4 children)

There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits. That sort of behaviour reeks of an inexperienced and perverse management culture. You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.

[–] Ragnarok314159@sopuli.xyz 43 points 5 months ago

They replaced their management, who were mostly engineers with MBA’s, to business majors with MBA’s who worship Jack Welch. The IQ in the room plummeted as the ghost of Welch demanded sacrifices for short term gains so they might one day get their golden parachute.

[–] exanime@lemmy.today 15 points 5 months ago

There’s nothing inherent to running a business that implies cannibalizing one’s own brand reputation for short term profits

True but only for a snapshot in time. When the expectation of the environment is unlimited growth and profit above all else, the quick cash out in lieu of long term gains is inevitable sooner or later

You can find countless examples of businesses where the brand’s reputation for quality, reliability, and safety are considered sacred and any employee who publicly damages that reputation is ostracized. Japanese companies pretty commonly have these cultures, for example.

Oh outside of the USA yes, I can see that... In the USA, I think I would count such examples with 1 hand (talking about large companies and corporations, not Mom and Pop shops of course)

[–] FiniteBanjo@lemmy.today 14 points 5 months ago* (last edited 5 months ago) (3 children)

Generally a business runs for profit. They teach people in business school to maximize profits. So there kind of is something inherent to running a business that implies cannibalizing one's own brand reputation for short term profits. There is always that incentive to give the least amount for as much as you can take.

Japanese have immortalized a concept called "Black Company" and "Death March" where they push their employees into so much overtime that they literally die or risk losing their livelihood. Which is probably not great for long term or their reputation.

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[–] jas0n@lemmy.world 22 points 5 months ago* (last edited 5 months ago)

This. It's exchanging long term success for short term wins. I doubt they are going to be the only victims of business over engineering. It's going to be a slow burn for a lot of companies. Most companies that go this route will slowly crumble as their products enshitify, but the thing is, in most cases, no one will get hurt.

This should have never happened in the aerospace industry.

[–] Rooskie91@discuss.online 110 points 5 months ago (4 children)

Sounds like they've entered the, "find out," stage.

[–] TheBat@lemmy.world 20 points 5 months ago

They're still working for US Government and have military contracts. They're fine.

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[–] Chainweasel@lemmy.world 90 points 5 months ago (1 children)

Too bad they're a defense contractor and "too big to fail".
Every one of those lost orders will come out of the pockets of US taxpayers when Boeing is bailed out.

[–] Linkerbaan@lemmy.world 14 points 5 months ago* (last edited 5 months ago) (1 children)

When the Boeing plane crashes and explodes >:(

When the Boeing rocket crashes and explodes >:D

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[–] conditional_soup@lemm.ee 79 points 5 months ago (1 children)

I wonder if the investors are happy yet

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[–] Xianshi@lemm.ee 65 points 5 months ago* (last edited 5 months ago) (1 children)

Good fuck this company. I'm sure all the military contracts will keep their pockets lined unfortunately.

[–] ASeriesOfPoorChoices@lemmy.world 50 points 5 months ago (1 children)
[–] pigup@lemmy.world 24 points 5 months ago (1 children)
[–] Asweet@lemmy.ca 15 points 5 months ago

Oh, what a terrible day to have eyes

[–] noevidenz@infosec.pub 64 points 5 months ago (3 children)
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[–] juice702@lemmy.world 59 points 5 months ago (1 children)

Maybe let the engineers take it over again

[–] Someonelol@lemmy.dbzer0.com 26 points 5 months ago

They're likely the last group the C-suite listens to so it's probably a good idea. Shame it won't happen.

[–] GiddyGap@lemm.ee 55 points 5 months ago

Nobody wants planes that fall out of the sky and lose sections mid-flight? Why not?

[–] pwalker@discuss.tchncs.de 30 points 5 months ago

What a headline. It literally fell 3%... That's not much. Actually still higher than their April value. They dropped more than 50% in the beginning of the pandemic and have not recovered from that. Whereas Airbus easily pushed higher than pre pandemic level. So yeah not looking good since a long time.

[–] Burn_The_Right@lemmy.world 23 points 5 months ago* (last edited 5 months ago) (2 children)

Good. It sure would be nice to see a company held accountable for enshittifying so thoroughly.

[–] echodot@feddit.uk 14 points 5 months ago

It's a feature not a bug. Everyone wants easily removable fuselage components.

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[–] rimu@piefed.social 21 points 5 months ago (1 children)

a huge backlog of more than 5,600 orders

Apparently some people with money think there is going to be a big expansion in air travel.

[–] Hildegarde@lemmy.world 47 points 5 months ago (1 children)

The biggest limiting factor in airplanes is the production speed. Building airliners is slow which is why there are very long waiting lists. Nothing's wrong that's just planes. New planes are cheaper to operate so its a good idea to order new planes even if you're not planning a significant expansion.

This is also why airlines will be slow to react to boeing's safety record in orders. Switching orders means losing your place and going to the back of airbus's waiting list.

[–] SomeoneSomewhere 15 points 5 months ago (1 children)

Kinda yes, kinda no. There have certainly been times, particularly after 9/11 and various crises, when demand dropped significantly.

There's also airliners that just haven't sold well. A340NG, A380, 747-8, 767-400, the MD-11, until recently the Cseries/A220. The A330neo has also not sold particularly well and you could probably get a slot within a year easily.

[–] Hildegarde@lemmy.world 16 points 5 months ago* (last edited 5 months ago)

True, but this article is specifically about the 737. Apart from the a220, none of the aircraft you listed are both in production and part of the 737's market segment.

The a320 neo family has about 7000 orders awaiting delivery. It is not feasible to switch for most airlines for the reasons I previously mentioned.

[–] circuitfarmer@lemmy.sdf.org 18 points 5 months ago (3 children)

Market correction at work. Good.

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[–] no_comment@lemmy.world 16 points 5 months ago
[–] Crackhappy@lemmy.world 16 points 5 months ago

Decades long FAFO.

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