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A number of major airlines have declared bankruptcy and have either ceased operations, or reorganized under bankruptcy protection. Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well.
Boeing’s finances are a multi-billion-dollar problem for the company, its employees, suppliers and airline customers. The good news is that they probably won’t affect the average American ...
Plus, Boeing has nearly $58 billion in debt on its balance sheet, and interest and principal on those debts must be paid whether or not Boeing's building airplanes as the strike stretches on.
The Federal Aviation Administration commissioned a report into Boeing following the fatal 2018 and 2019 crashes — and the results published in February weren't good news for the company.
Several airlines have declared bankruptcy, with some ceasing operations, while other airlines reported historic reductions in flights, as well as accelerating retirements of certain aircraft types, such as the Airbus A340, Airbus A380, or the Boeing 747.
Prior to the pandemic, Boeing's business had been impacted by groundings of its 737 MAX aircraft. [65] By 7 April, Boeing had indefinitely suspended production at Boeing South Carolina and Puget Sound, Washington, completely halting the assembly of its commercial aircraft. [66] On 21 April, Boeing announced a management structure overhaul. [67]
Boeing said at the end of Q4 cash and investments in marketable securities stood at $26.3 billion. Pras Subramanian is a reporter for Yahoo Finance. You can follow him on X and on Instagram.
The first labor strike at Boeing since 2008 coincides with a period of intense scrutiny of the company by U.S. regulators and airline customers after a mid-air incident in January when a door ...