Boeing Strike Threatens Recovery as Financial Strain Mounts

Boeing is facing a significant challenge due to a strike by its largest union, the IAM. The strike has already cost the company and its workers millions of dollars and led to cost-cutting measures, including executive furloughs. While Boeing aims to increase production of its 737 Max jets, the strike`s duration is uncertain, with some analysts predicting it could last until the end of the year. The company`s financial stability is under scrutiny, with credit rating agencies monitoring the situation closely. Despite having a substantial cash reserve, Boeing might need to raise additional funds if the strike continues, potentially by selling stock. The company`s relationship with the IAM has historically been difficult, adding to the complexity of the situation.