Boeing In Tatters: Latest On The Machinists Strike

There are a million opinions on Boeing and what it should do, but the simple reality today is that 96% of its workforce is on strike, its share price fell nearly 4% on Friday, it has $45 million in net debt and is burning through about $1.5 billion in cash every month. More than 30,000 workers walked out the door on Thursday, just hours after a vote rejected Boeing’s offer, and yet it appears the earliest the two parties could get together is Tuesday.