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Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.

BA recorded a year-over-year increase of 10.5% and 21.4% in commercial and defense shipments, respectively, in the third quarter of 2024.

Winning contracts is great, collecting revenue is even better. Best of all, though, is being able to earn a profit on that revenue.

Boeing shares are falling after the company announced it will recognize $5 billion in earnings charges and is reducing the size of its total workforce by roughly 10%. Chief Executive Officer Kelly Ortberg also hinted at a broader review of structure to get the planemaker back on course in an Oct. 11 memo to workers.

On Friday, Boeing announced a big third quarter loss and huge layoff of some 17,000 workers.

Boeing faces significant challenges, including a machinist strike, debt load over $45 billion, and delays in key projects like the 777X and 767. The company's financial struggles are exacerbated by past buybacks, COVID-19 impacts, and defense program cost overruns, risking its investment-grade credit rating. Boeing's market position remains strong, but resolving the union dispute and fixing its culture are crucial for long-term recovery and investment potential.

Boeing is having a rough year. The company has faced mechanical problems, lawsuits, a leadership shake-up, and layoffs.

Don't believe the rumors. Boeing's not going bankrupt, and it still has options to survive this strike.

Boeing will cut 17,000 jobs - 10% of its workforce - as the US plane maker deals with various issues across its business.

Boeing Co. announced late Friday that it plans to cut approximately 10% of its workforce, a move that surprised markets as the aerospace and defense giant continues to face significant financial challenges. The company warned investors of a larger-than-expected third-quarter loss and lower revenue than Wall Street had predicted.