Reported 15 days ago
Boeing has experienced a significant financial downturn, reporting a loss of $6.2 billion, or nearly $10 per share, following a labor strike and various operational challenges. While wages for the workforce will increase under a new contract, the company's defense division suffered substantial losses, totaling over $2.4 billion, and other factors contributed to negative cash flow projections through 2025. Analysts suggest that despite potential improvements, the path to recovery for Boeing remains uncertain.
Source: YAHOO