The Globe and Mail reports in its Thursday edition that Boeing chief executive officer Kelly Ortberg laid out a cautious path to turn the company around on Wednesday, calling for a "fundamental culture change" at the struggling plane maker as its quarterly losses surged to $6-billion amid a crippling strike (all figures U.S.). A Reuters dispatch to The Globe says Boeing has racked up losses of nearly $8-billion for the current year, after the strike halted production of its 737 MAX, 777 and 767 planes and an ailing defence and space division hammer its business. The plane maker was already wrestling with a quality crisis from a January mid-air panel blowout. Boeing chief financial officer Brian West told analysts he expects the company will continue burning cash in full-year 2025 and the last three months of 2024, sending shares of Boeing down 1.7 per cent to $157.15. In a letter to employees Wednesday morning, Mr. Ortberg stressed the need for improving performance in its defence business and its 737 MAX and 777 programs. Mr. West said the company has a plan to address Boeing's balance sheet in the near term that could include an offering of equity and equity linked securities. The raise could be around $15-billion.