Reported about 1 month ago
Boeing announced a staggering net loss of $6.17 billion for the third quarter of 2024, contributing to nearly $8 billion in total losses this year. The results come before a crucial labor vote by its largest union, which represents 30,000 workers, as the company grapples with reduced commercial airplane deliveries and financial pressures. Boeing’s CFO projected further cash burn in the fourth quarter and announced plans for layoffs affecting 10% of its workforce. The situation, compounded by a significant strike's economic impact, poses serious challenges for Boeing’s recovery.
Source: YAHOO