S&P Global Ratings has put Boeing on review for a possible downgrade due to rapidly depleting cash amid a strike, warning of potential junk status.
The ongoing strike poses significant risks to Boeing's recovery, disrupting their goal of ramping up 737 Max production and escalating cash flow challenges.
With historical cash depletion estimates reaching $10 billion for this year and a looming $4 billion debt in April 2025, Boeing's financial stability is under threat.
In light of the ongoing strike involving 33,000 workers, Boeing's emergency measures include extensive furloughs and leadership pay cuts as they attempt to manage cash.
Collection
[
|
...
]