The ongoing strike has the potential to cost Boeing over $1 billion per month, as the company faces deepening financial and production crises.
Boeing's leadership expressed frustration over the union's non-negotiable demands, stating that the breakdown of talks and absence of new negotiations significantly complicate their recovery efforts.
S&P Global Ratings warned that the Boeing strike could downgrade the company's debt rating to junk, a significant risk given its already substantial $60 billion debt load.
As Boeing searches for solutions to stabilize its financial standing, including issuing stock and temporary furloughs, the outlook for a swift resolution remains bleak.
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