Boeing's Financial Challenges

Boeing is currently facing significant financial strain, with a reported cash usage of approximately $1.3 billion during the last quarter, raising concerns about its liquidity. The company is working on securing up to $25 billion through various funding mechanisms, including new share offerings and convertible bonds. This financial maneuvering is critical as Boeing's credit rating hovers just above junk status, which complicates its ability to raise additional funds without significant shareholder dilution. The ongoing strike among its Pacific Northwest machinists is further exacerbating these challenges, as it impacts production of key aircraft models, particularly the 737, vital to Boeing’s profitability.