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The reason for the latter is softer-than-expected jobs data that raised fears of a significant slowdown in the U.S. economy. ... Boeing will need to report a few quarters of further progress on ...
By Dan Catchpole. SEATTLE - CEO Kelly Ortberg took over at Boeing knowing that the company was in trouble. Those troubles added up to an $11.8 billion loss last year, the company reported on Tuesday.
New CEO Kelly Ortberg said ending the strike — which has brought Boeing’s commercial airplane production to a near halt — was a top priority and a key to fixing its financial problems.
As if Boeing needed any more bad news, a scathing report from Wall Street on Tuesday cast doubt on Boeing’s ability to pass a new federal safety audit, sending its stock sinking sharply. Later ...
Boeing was seeking a $60 billion bailout directed towards its aerospace suppliers. [86] Under the too big to fail theory, Boeing is a significant production and employment contributor to the U.S. economy. [87] On March 25, the United States Senate began voting on its coronavirus aid and relief, which includes $17 billion in aid to Boeing. [88] [89]
In premarket trading, Boeing lost 1.6% after warning that it expects a fourth-quarter loss of about $4 billion. Wall St set for lower open with focus on economic data; Boeing declines Skip to main ...
Boeing’s legal problems are mounting.They are starting to become a problem for the rest of the airline industry too. Alaska Airlines said Tuesday its 2024 capacity estimates are "in flux" due to ...
Boeing had $14.7 billion in revolving credit agreements at the end of 1Q 2022, but BofA sees the possibility of sustained operational challenges across its business sectors hurting EBITDA ...