Boeing reported a $6.1 billion loss, prompting a $19 billion stock sale as it seeks to stabilize finances amid a costly, disruptive worker strike.
With about $58 billion in debt, Boeing's financial troubles are compounded by a weekslong machinists' strike, costing the firm tens of millions daily.
The largest union's rejection of a tentative contract extended the ongoing strike, halting airplane production and raising concerns about safety and profit recovery.
S&P Global Ratings is considering downgrading Boeing's credit to junk status, dependent on the ongoing strike's duration, significantly impacting its borrowing costs.
Collection
[
|
...
]