3 sources·Business

Boeing Faces Long Road to Recovery After Machinists' Strike

Boeing's passenger plane production recovery faces delays as workers return post-strike, exacerbating challenges amid financial losses and regulatory scrutiny.

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Updated: Nov 12th, 2024, 4:01 PM ET

Summary

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Boeing is set to take several weeks before fully resuming passenger plane production after a nearly two-month strike by 33,000 workers. The company has lost nearly $40 billion since 2019 and faces ongoing quality and safety issues, including delays in approvals for new aircraft. Despite recent aircraft orders, its financial outlook remains troubled due to past strikes and scrutiny from regulators. Airline customers are increasingly frustrated with delays, highlighting Boeing's precarious position in the global market dominated by Airbus.

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