S&P Says Estimate Strike Costs Boeing More Than $1B Per Month, After Considering Cost-Saving Measures It Implemented In Response
Portfolio Pulse from Benzinga Newsdesk
S&P estimates that the ongoing strike is costing Boeing over $1 billion per month, even after implementing cost-saving measures.
October 08, 2024 | 8:02 pm
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Boeing is facing significant financial impact due to an ongoing strike, with costs exceeding $1 billion per month. This is after implementing cost-saving measures, indicating a substantial strain on the company's finances.
The ongoing strike is directly impacting Boeing's financials, costing over $1 billion monthly. Despite cost-saving measures, the high cost indicates a negative short-term impact on Boeing's stock price due to increased financial strain.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100