Reported about 6 hours ago
In 2024, Boeing faced a tumultuous year marked by safety issues, executive shakeups, and a significant strike affecting production. Key challenges include declining aircraft deliveries to 291 compared to Airbus's 497, a cash burn of $8.3 billion in the first half of the year, an alarming debt level of approximately $60 billion, and a substantial drop in stock value by over 40%. These factors combined have deeply impacted Boeing's overall market position as it grapples with a tense labor relationship and increasing competition from Airbus.
Source: YAHOO