Boeing posts $6B quarterly loss due to 5-week machinist strike, amid ongoing struggles since 2018.

Boeing has announced a $6 billion quarterly loss, largely due to ongoing production disruptions from a five-week strike involving 33,000 machinists. This marks Boeing's continued struggle, having not turned a profit since 2018. The union is set to vote on a proposal that includes substantial pay raises and bonuses, which could significantly influence the company’s recovery and production capabilities.

October 23, 2024
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