Reported 22 days ago
Analysts predict that Boeing could incur losses exceeding $100 million in daily revenue as over 30,000 workers began striking after rejecting a contract for the first time in 16 years. The strike, which affects production of key models like the 737 MAX, poses a significant financial threat, potentially costing the company billions and leading to a downgrade in its credit rating. Ongoing issues compound Boeing's challenges, as the firm grapples with $60 billion in debt and negative cash flow.
Source: YAHOO