After having worked for several of these large companies, I see the same general pattern. Managers constantly trying to cut costs. Older employees who know how to do things properly are steadily lost, and the skill set of the company is eroded. The culture becomes entirely focused around reducing cost, managers seem to hope that quality happens by some sort of "magic".
However, I think it is inevitable in a free market. The rule says that in a free market, product cost reduces to that of the the lowest cost producer. The corollary is that the quality reduces to that of the lowest cost producer. This is driven by consumers, in this case airlines. They can't charge a premium simply because they use Boeing, because their customers (the passengers) don't care, and will buy the cheapest seat.
I have spent many days in meetings battling with managers to persuade them their latest brilliant idea will not save time or money in the long run, and will probably make it worse. I nearly always lose, and then of course are part of the team trying to pull the project out of the shit at the last minute. The managers busy themselves writing reports, which they can bias towards blaming the workers for having done a bad job (aka "poor execution"), or the customer for providing inadequate requirements, whatever the reason, it's never the fault of the managers.
Boeing pushed their luck and got caught out. But whatever the fallout from that is, it is going to do nothing to change the industry trend.