Boeing expected to raise $10-12bn by end of year, says BofA

Boeing is expected to raise $10-12bn by the end of the year, Bank of America analyst Ronald J. Epstein said in a report on October 2, 2024. The analyst also surmised the ongoing strike with Boeing’s machinist workers in Portland and Seattle is costing the company around $50 million per day. The strike could cost $1bn per month if it were to stretch that far. If it were to go on longer, the cash burn could compound – largely dependent on how much Boeing is saving through its staff furloughs, supplier order freezes, layoffs, and other measures. “However, the greater