Boeing (BA) concluded the recent trading session at $146.62, signifying a -1.84% move from its prior day's close.
U.S. Transportation Secretary Pete Buttigieg said Thursday it is increasingly important to see a resolution to a four-week old strike by 33,000 Boeing workers seeking a new contract from the planemaker.
Shares in Boeing (BA) continued falling Thursday, after the airplane maker earlier this week withdrew its contract offer to striking machinists, prompting rating agency S&P Global to issue a downgrade warning on the company's debt.
United Airlines does not expect a strike by factory workers at Boeing to have any impact on its flight schedule for next summer, including new route launches, a top executive at the carrier said on Thursday.
Boeing has pulled its offer to increase pay as the company and the union reach an impasse. Transcript: Conway Gittens: Fresh record closing highs for the Dow and the S&P 500 on Wednesday.
Boeing (BA, Financial) continues its downward trend, hitting new 23-month lows due to several unfavorable developments. The company announced that further negotiations with its machinists union were not feasible, retracting its offer.
The aerospace manufacturer withdrew its latest offer to a union whose more than 33,000 members went on strike last month and both sides exchanged blame for the breakdown.
Boeing Company BA shares are trading lower on Wednesday. On Tuesday, the company reported that it delivered over 33 aircraft to customers in September amid the disruption to manufacturing operations.
The commercial jet maker isn't doing great right now, but there is no reason to fear for the future of the company.
Boeing said the union did not consider its proposals seriously after two days of talks.
Boeing (BA) shares fell Wednesday after the plane maker withdrew its contract offer for its striking machinists and S&P Global put its bond rating on a watch list.
Shares of Boeing (BA) are under pressure as negotiations between the aircraft manufacturer and its striking factory workers broke down this week. Gabelli Funds portfolio manager Tony Bancroft joins Morning Brief to discuss how the International Association of Machinists and Aerospace Workers (IAM) union strike is weighing on the aerospace giant.