The two sides remain far apart on the issue of the company pension plan.
The U.S. Labor Department said about 44,000 U.S. workers were on strike at the time of its employment survey earlier this month. Economists expect the U.S. to have added 100,000 jobs in the month.
The plane maker's share price has only fallen about 5% since workers went on strike.
Boeing's corporate culture shift post-McDonnell Douglas merger has led to quality declines, financial struggles, and a tarnished reputation. Meanwhile, Airbus has successfully deployed autonomous flight technology and maintains solid financials despite lingering pandemic supply chain issues. Boeing's future hinges on CEO Ortberg's ability to restore engineering excellence and financial stability; investors should wait for sustained signs of recovery before buying in.
Airbus reported third-quarter results on Wednesday. The company still plans to deliver about 770 jets this year.
The final U.S. jobs report before the presidential election is expected to be a crummy one, but it's not Washington's doing. Instead, a major strike at Boeing and a pair of deadly hurricanes would be the culprits.
Boeing's $5 billion mandatory convertible preferred deal with a 6% dividend yield has surged about 10%.
Riyadh Air signed a deal for 60 Airbus A321neo jets on Wednesday. It was reportedly set to opt for Boeing 737 Max narrowbody jets after buying the 787 Dreamliner.
One should refrain from investing in BA stock right now, considering its poor ROIC, dismal year-to-date performance, dim near-term prospects as well as persistent industry challenges.
Boeing Co NYSE: BA shares have certainly seen better days, with the ongoing 45% slide from the end of last year speaks volumes. The company is tackling a seemingly never-ending list of challenges: leadership shifts, strike-related slowdowns, safety concerns, and the looming risk of a credit downgrade.
Boeing resumed negotiations with representatives of its striking factory workers in the Pacific Northwest on Tuesday, less than a week after the unionized machinists voted to reject a negotiated contract offer and extend a strike—which is in its seventh week and has severely hampered the company's aircraft manufacturing.
The International Association of Machinists on Wednesday said the union had "productive face-to-face meeting" with Boeing to address key bargaining issues.