12:24 PM EDT, 10/23/2024 (MT Newswires) -- Boeing's ( BA ) financial forecasts and long-term outlook are under review, its new chief executive said Wednesday during an earnings call.

"Certainly, we need to see some stability in the business to be able to put any kind of target out there," CEO Robert Ortberg said in his first earnings call since assuming the role in August, according to a Capital IQ transcript.

Stabilizing the business is one of the four requirements to "turn this big ship in the right direction," he said. "We have some really big rocks that we need to get behind us to move the company forward."

Ortberg also said Boeing's ( BA ) implementation of the "safety and quality plan" is also crucial in achieving stability.

"This is a plan that we have reviewed with the [Federal Aviation Authority] and will be part of the criteria we use to measure stability of our production system, which is necessary to gain authority to increase 737 rates," he said. "I'm encouraged with the progress we're making already, and we need to continue that momentum."

Shares of Boeing ( BA ), which reported a wider-than-expected Q3 adjusted loss on Wednesday, were down more than 2% in recent trading.

Price: 156.02, Change: -3.86, Percent Change: -2.41