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PBS News Hour - Segments

News Wrap: Boeing reports $6 billion quarterly loss amid strike

PBS News Hour - Segments

PBS NewsHour

News, Daily News

4.11K Ratings

🗓️ 23 October 2024

⏱️ 7 minutes

🧾️ Download transcript

Summary

In our news wrap Wednesday, Boeing reported a $6 billion loss for the latest quarter as striking union workers vote on a new contract, American Airlines was fined $50 million for the carrier's mistreatment of disabled passengers and wheelchairs and freshman enrollment at college campuses declined this fall for the first time since the start of the pandemic. PBS News is supported by - https://www.pbs.org/newshour/about/funders

Transcript

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0:00.0

And we start the day's other headlines with the ongoing troubles at Boeing.

0:04.3

The plane maker reported a $6 billion loss for the latest quarter, even as striking union

0:09.8

workers vote on a new contract.

0:11.6

The company's CEO, Kelly Ortberg, announced plans today

0:15.2

to turn Boeing around by improving company culture and boosting airplane production. But that

0:20.6

can't be done until some 33,000 striking machinists returned to work after nearly six weeks on the picket line.

0:28.0

They're voting on a new contract today, with results expected tonight.

0:32.0

Portberg said today that he's hopeful about the outcome.

0:35.0

The vote is important.

0:37.0

It's more important in terms of our long term getting back to building airplanes,

0:42.0

delivering good airplanes.

0:43.7

And so we've worked really hard to find that overlap where we've got a deal that the employees

0:50.2

can feel good about and the company can be successful going forward.

0:54.5

The deal offers bonuses in a 35% wage increase over four years.

0:59.9

It stops short of restoring a pension plan that was frozen a decade ago.

1:04.7

The U.S. government is finding American Airlines $50 million for the carrier's mistreatment

1:10.5

of disabled passengers and their wheelchairs.

1:13.8

The transportation department says the company failed to provide assistance to passengers

1:17.6

with disabilities and damaged thousands of wheelchairs between 2019 and 2023. of authorities say that American will only need to pay half of the fine because it's

1:34.8

getting credit for money spent on improving its handling of wheelchairs and for

1:39.0

compensating those affected. Secretary of State Anthony Blinkin touched down in Saudi Arabia today his second stop of his

1:46.8

latest visit to the Middle East.

...

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