Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

  • Posted on October 23, 2024
  • By Yahoo News
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Boeing is expected to report a big Q3 loss, then wait for results of vote by striking workers

Wednesday is shaping up as one of the most significant days in a volatile year for Boeing, which is expected to report a huge third-quarter loss, introduce its new CEO on his first earnings call, and learn if machinists will end a strike that has crippled the company’s aircraft production for more than a month. The strike is an early test for Kelly Ortberg, a Boeing outsider who became CEO in August. Boeing can't produce any new 737s, however, until it ends the five-week-old strike by 33,000 machinists that has shut down assembly plants in the Seattle area.
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