Boeing is facing a crisis of confidence after two deadly crashes involving its 737 Max aircraft.
The latest incident occurred on January 5th when an Alaska Airlines door blew off during flight from Portland to Seattle.
Boeing, the world's largest aerospace company, is facing a crisis of confidence after two deadly crashes involving its 737 Max aircraft. The latest incident occurred on January 5th when an Alaska Airlines door blew off during flight from Portland to Seattle. Boeing CEO Dave Calhoun has acknowledged that his company caused the problem and apologized for any harm it may have caused.
CEO Dave Calhoun said now is not the time for financial targets as the manufacturer grapples with fallout from a fuselage panel that blew out midflight on one of its new 737 Max 9s earlier this month.
Federal investigators are examining whether door plug was improperly installed before Max 9 plane was handed off to Alaska late last year
Boeing reaffirmed its financial targets for 2025 and 2026, but CEO said now is not the time for that.
Accuracy
Boeing caused a problem which led to a near-catastrophic panel blowout on a 737 Max.
The door-sized plug that blew out on Alaska Airlines Flight 1282 had been opened and then improperly reinstalled by Boeing mechanics.
Deception
(50%)
The article is deceptive in several ways. Firstly, the title of the article suggests that Boeing has set new financial targets for 2024 when it clearly states that now is not the time to do so. Secondly, Dave Calhoun's statement about Alaska Airlines grounding Max 9 planes after a panel blew out on one of their flights implies that they were responsible for the accident and caused it, which is false. Thirdly, Boeing reaffirmed its financial targets for 2025 and 2026 despite stating that now is not the time to do so.
Dave Calhoun's statement about Alaska Airlines grounding Max 9 planes implies they caused it, which is false.
The title of the article suggests new financial targets when none were mentioned in the body
Fallacies
(75%)
The article contains several fallacies. The author commits the Appeal to Authority fallacy by stating that Boeing CEO Dave Calhoun is under pressure from airline customers, regulators and the public after the Jan. 5 accident in which a panel blew out on Alaska Airlines Flight 1282 as the plane climbed out of Portland, Oregon. The author also commits an Inflammatory Rhetoric fallacy by stating that Boeing caused the problem and understands that it did so.
Boeing CEO Dave Calhoun is under pressure from airline customers, regulators and the public after the Jan. 5 accident in which a panel blew out on Alaska Airlines Flight 1282 as the plane climbed out of Portland, Oregon.
Bias
(85%)
The article contains a statement from the CEO of Boeing that they caused the problem with the fuselage panel on one of their new 737 Max planes. This is an example of monetary bias as it implies that money or financial targets are more important than safety and quality.
Alaska Airlines Flight 1282 was the most serious in a series of apparent production flaws, which have slowed down deliveries of new planes, and angered some of the company's biggest airline customers in the process.
Site
Conflicts
Of
Interest (50%)
Leslie Josephs has a conflict of interest on the topics Boeing and $10 billion of free cash flow and $100 billion in revenue by as early as next year. She is an employee of CNBC which owns shares in Boeing.
Author
Conflicts
Of
Interest (50%)
Leslie Josephs has a conflict of interest on the topics Boeing and 737 Max 9 as she reports on financial information related to these topics. She also has a personal relationship with Alaska Airlines Flight 1282 which was involved in an incident that is being investigated by the National Transportation Safety Board (NTSB). Additionally, Josephs mentions the Federal Aviation Administration (FAA) and Boeing's revenue projections for next year. It is not clear if she has any financial ties to these organizations or individuals.
Boeing caused a problem which led to a near-catastrophic panel blowout on a 737 Max.
The door plug was improperly installed before the accident.
Accuracy
Boeing reaffirmed its financial targets for 2025 and 2026, but CEO said now is not the time for that.
The Boeing 737 Max is the company's bestselling plane. A delay to production increases could hamper financial targets and affect suppliers that have been preparing for higher output as well as customers counting on new planes to cater to post-Covid travel demand
Boeing executives are facing questions about how accident and added scrutiny from FAA could affect certification timeline for Max 7 and Max 10 models of the company's bestselling planes.
Deception
(100%)
None Found At Time Of
Publication
Fallacies
(100%)
None Found At Time Of
Publication
Bias
(75%)
The author uses language that dehumanizes the victims of the accident by saying 'we caused the problem'. This is an example of religious bias as it implies a divine punishment for Boeing. The use of this phrase also shows a lack of empathy towards those affected by the incident.
> We caused the problem, <
Site
Conflicts
Of
Interest (50%)
Julie Johnsson has a conflict of interest with Boeing as she is reporting on the near-catastrophic panel blowout that occurred in Alaska Air. She also reports on quality lapses at Boeing Co., which could be seen as an endorsement for Dave Calhoun, who was CEO during this time.
Julie Johnsson is reporting on the near-catastrophic panel blowout that occurred in Alaska Air. She writes:
Author
Conflicts
Of
Interest (50%)
Julie Johnsson has a conflict of interest on the topics Boeing and CEO Dave Calhoun as she is reporting for Bloomberg News which is owned by Michael Bloomberg. Mr. Bloomberg has significant financial ties to Boeing through his investment in the company.
Boeing lost $2.2 billion in 2023, the fifth loss in five bad years.
The door-sized plug that blew out on Alaska Airlines Flight 1282 had been opened and then improperly reinstalled by Boeing mechanics.
Accuracy
No Contradictions at Time
Of
Publication
Deception
(90%)
The article is deceptive in several ways. Firstly, the author claims that Boeing lost $2.2 billion in 2023 but fails to mention that this includes a one-time charge of $1.7 billion for the retirement of aircraft leases and other non-cash items, which inflates the loss figure significantly.
The article states that Boeing had another write-off in the fourth quarter, $139 million on some fixed-price military development contracts but fails to mention that this is a one time charge.
The author claims that Boeing lost $5.1 billion in 2022 but fails to mention that this includes a one-time charge of $3.4 billion for the retirement of aircraft leases and other non-cash items, which inflates the loss figure significantly.
Fallacies
(85%)
The article contains several examples of informal fallacies. The author uses an appeal to authority by stating that the Federal Aviation Administration (FAA) has blocked Boeing from making its planned MAX production rate increases until it is satisfied with Boeing's manufacturing quality under control. This statement implies that the FAA is a trusted source and their decision should be taken as evidence of poor quality control at Boeing, which could be seen as an informal fallacy known as 'appeal to authority'. Additionally, the author uses inflammatory rhetoric by stating that
The door-sized plug that blew out on the Alaska 737 MAX 9 at 16,000 feet
Four bolts that prevent door plug movement were not reinstalled and over the course of just over two months in service vibrations gradually shifted the door off the stops that held it in place while pressurized.
Bias
(85%)
The article discusses the financial and reputational damage that Boeing has suffered due to a door blowing off an Alaska Airlines plane. The author acknowledges that this incident has shredded Boeing's reputation and hit the company with immediate operational and financial damage. The article also mentions how the Federal Aviation Administration (FAA) has blocked Boeing from making its planned MAX production rate increases until it is satisfied that Boeing has its manufacturing quality under control, which will reduce cash flow for the company. Additionally, Alaska Airlines has asked for at least $150 million in compensation due to losses incurred during the three-week grounding of the MAX 9s.
The door-sized plug that blew out on the Alaska 737 MAX 9 at 16,000 feet has shredded Boeing's reputation and hit the company with immediate operational and financial damage.
Site
Conflicts
Of
Interest (50%)
There are multiple examples of conflicts of interest in this article. The author has a financial tie to Boeing as they work for Vertical Research and have written articles about the company before.
