Boeing’s crisis is getting worse. Now it’s borrowing tens of billions of dollars

https://www.cnn.com/2024/10/15/investing/boeing-cash-crisis/index.html

26 Comments

  1. Question for someone who knows more: What could the government do, if anything, to take over the operations for a while and clean house?

    Regardless of its muddied reputation and crippled operation now, it is still a storied company, big segment of US manufacturing, and quite frankly a national security issue.

  2. Back in March, I had the great idea to buy a small amount of BA stock when it was $180/share. “They’re a great American company,” I said to myself. “They’re a major military contractor.” “These doors falling off is just a mechanical hiccup. A low point. They’ll get that sorted quickly.” “Now’s the perfect time to buy!”

    Narrator voice: “It was not the perfect time to buy.”

  3. I mean, they…could admit that what they are doing isn’t working and put the engineers back in the driver seat?….but yeah, doubt that.

  4. > Boeing’s long-term debt has climbed to $53 billion at the end of June from $10.7 billion at the end of March 2019, when a second fatal crash of the 737 Max led to a 20-month grounding of that plane, the company’s best-selling aircraft.

    Fuuuck, imagine operating for over 100 years, managing your debt, only to 5x your obligation in just 5 years.

  5. CubicleMan9000 on

    Boeing should act quickly to do another share buyback and triple the executive bonuses. That should put everything right.

  6. They need to develope a state of the art 737 replacement immediately as they should have 10 years ago before all the Max fiasco

  7. The Jack Welch legacy lives on, destroying one company after another. I don’t believe in heaven or hell, but if there were such things, Welch would be busy right now shoveling shit in hell.

  8. geekmasterflash on

    Damn, if only they could hire hitmen to solve their labor relations problems, like Coke and Chiquita

    Instead they hire them to solve whistle blower problems.

    Gotta get your priorities straight /s

  9. The things you have to do to make sure those executive bonuses get paid! Completely deserved, given the company’s stellar performance lately. Almost as good as the banking industry.

  10. The things you have to do to make sure those executive bonuses get paid! Completely deserved, given the company’s stellar performance lately. Almost as good as the banking industry.