BA Dec 2026 125.000 put
- Yahoo Finance Video
Could the strike actually help Boeing's profitability problem?
In a new wave of cost-cutting measures, Boeing (BA) has initiated hiring freezes and is considering furloughs after 33,000 factory workers went on strike last week. Union workers voted and rejected the aircraft manufacturer's latest labor contract. Morningstar equity analyst Nicolas Owens calls this a "prudent step" by Boeing to shore up costs as it tries to get its aircraft production back on track. He suggests that the strike could even aid Boeing in finding profitability, as it is "currently losing money on making airplanes." "And so that that... resolving it before then would be beneficial because there's going to be work lost sort of towards the end of the year anyway," Owens tells Josh Lipton and Alexandra Canal on Market Domination. "But, I mean, the irony is they're not paying the machinists while they're on strike, but it's the disruption of everything else and loss of productivity on those assembly lines that's going to cost them." Gabelli Funds portfolio manager Tony Bancroft told Yahoo Finance last week that this strike could cost Boeing as much as $100 million per day. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
- Yahoo Finance Video
Boeing implements hiring freeze, cost cutting amid strike
Aircraft manufacturer Boeing (BA) is implementing a hiring freeze and considering temporary furloughs after 33,000 of its factory workers went on strike last week. In a union vote, workers rejected the latest labor contract proposed by Boeing. Wealth! anchor Rachelle Akuffo reports on the latest developments surrounding Boeing's ongoing labor strike as the company plans further cost-cutting strategies. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
- Reuters
US FAA chief to testify before Congress on Sept 24 on Boeing quality plan
WASHINGTON (Reuters) -The head of the Federal Aviation Administration (FAA) will testify on Sept. 24 before the House of Representatives Transportation Committee on Boeing's quality improvement plan, the committee said Monday. FAA Administrator Mike Whitaker in late February gave Boeing 90 days to come up with a plan to address "systemic quality-control issues." Boeing delivered the plan in late May and the FAA is still assessing the planemaker's reform efforts.
