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Boeing had cash and marketable securities of $10.50 billion as of Sept. 30. It has $11.5 billion of debt maturing through Feb. 1, 2026, and is committed to issuing $4.7 billion of its shares to ...
The first labor strike at Boeing since 2008 coincides with a period of intense scrutiny of the company by U.S. regulators and airline customers after a mid-air incident in January when a door ...
A 50-day work stoppage would cost Boeing $5.5 billion, investment bank TD Cowen said in a report reviewed by ABC News at the outset of the dispute. So far, the strike has lasted 41 days.
Plus, Boeing has nearly $58 billion in debt on its balance sheet, and interest and principal on those debts must be paid whether or not Boeing's building airplanes as the strike stretches on.
Boeing has lost more than $35 billion since 2019 following the crashes of two then-new Max jets that killed 346 people. For the full year 2024, Boeing logged a loss of $11.8 billion.
Boeing CFO Brian West told analysts he expects the company will continue burning cash in full year 2025 and the last three months of 2024, sending shares of Boeing down 3.1% to $154.86.
The Big Three automakers ended their pension plans following the 2008 financial crisis that nearly sent them into bankruptcy. Boeing abandoned the structure in 2014 as part of a deal with union ...
(Reuters) -Boeing will lay off more than 2,500 workers in the U.S. states of Washington, Oregon, South Carolina and Missouri, according to federally required filings posted on Monday and a union ...