Alaska Airlines CEO Ben Minicucci said the airline has seen "significant improvement" at troubled planemaker Boeing in recent months after a door plug missing key bolts blew off one of the carrier's new 737 MAX 9 jets at 16,000 feet in January.
There are only so many businesses available in the stock market that can justify a monopolistic title or description. Even if investors come across the ones already out there today, they can never dream of buying them at a reasonable enough discount.
Boeing and a key union are back at the negotiating table. Federal labor mediators are there too.
The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.
Negotiators at Boeing and its largest union are due to resume talks over a labor contract on Wednesday, after the two sides met on Tuesday but continued to disagree on key issues of wages and pensions, the International Association of Machinists and Aerospace Workers (IAM) said.
Negotiators from Boeing and the machinists union representing its workers resumed talks Tuesday after some 33,000 employees went on strike late last week, effectively shutting down two Seattle-area factories.
The near-term risk is significant, but the long-term opportunity shouldn't be discounted. Boeing's multiyear backlog makes it easier for management to agree to an improved worker contract.
Negotiators at Boeing and its largest union are due to resume talks over a labor contract on Tuesday, as the planemaker seeks to bring a swift end to a strike that is costing the indebted company an estimated $100 million a day.
Boeing is "eliminating" first and business-class travel for executives, per a memo seen by BI. The aviation giant is battling to cut costs after thousands of workers went on strike.
No matter how long the current labor strike lasts at Boeing, investors are looking at an equity capital raise to address the airplane maker's ailing balance sheet.
Boeing faces major challenges, including heavy debt, labor strikes, and operational delays, which have weakened its financial position and stock performance. Despite the turbulence, Boeing holds a $500B backlog of 5,400 planes, ensuring demand for years to come, offering a strong long-term recovery potential. If Boeing stabilizes production and resolves its issues, it could see significant growth by 2026. However, the stock remains volatile and risky for conservative investors.
Boeing (BA) is putting in place a hiring freeze and implementing other cost-cutting steps after its largest labor union approved a strike last week, according to an internal memo sent to Boeing employees.