Boeing Implements Cost-Cutting Measures Amid Financial Challenges in 2023 In a bid to reduce expenses after a challenging year, Boeing has introduced a new policy to limit the use of private jets for top executives. CEO Kelly Ortberg has grounded much of the company’s fleet, directing executives to fly economy class on commercial airlines instead. Data from Flightradar24 reveals a significant drop in Boeing’s private jet flights, from 146 trips in August to just 29 in October. This move is part of a broader strategy to cut costs, as the company navigates production delays, labor strikes, and heightened FAA oversight. With around $14 million in fuel costs and 22,500 tons of CO2 emissions from corporate jet flights in 2023, Boeing is also addressing its environmental impact. The company’s focus on reducing expenses extends beyond executive travel, with workforce layoffs and internal restructuring taking place. What do you think of this cost-cutting strategy? Is it enough to help Boeing navigate the skies ahead?