AUS
NZ
UK
CA
USA
IND
_06_19_2026_12_34_15_139937.jpg)
Highlights:
- Boeing workers in Seattle continue their strike after rejecting a 35% pay increase over four years.
- The strike has halted production of Boeing’s 737 aircraft, adding to quality control issues faced earlier this year.
- Boeing reported a $5.76 billion loss for Q3 2024, with stock dipping further in response to ongoing strikes and financial struggles.
Boeing Co (NYSE:BO) shares dipped further on Thursday following news that workers in the Seattle region rejected the company’s latest pay offer. The strike, which began on September 13, involves around 300,000 employees who will continue to halt production, particularly impacting the company’s top-selling 737 aircraft.
The latest pay offer from Boeing included a 35% wage increase over four years but was rejected by 64% of the union members who cast ballots. This is the second time in recent weeks that Boeing’s offer has been turned down by workers, with union members seeking better compensation after a decade of what they describe as “sacrifices.”
Jon Holden, a negotiator from the International Association of Machinists and Aerospace Workers, expressed hope for renewed negotiations, noting, "After 10 years of sacrifices, we still have ground to make up, and we’re hopeful to do so by resuming negotiations promptly."
The ongoing strike adds to a challenging year for Boeing, which has already faced scrutiny over its quality controls. In January, a door panel fell off an Alaska Air-operated Boeing jet, further damaging the company’s reputation. Production of the 737 aircraft, which is central to Boeing’s commercial portfolio, has been significantly affected by the strike.
The company’s third-quarter earnings report revealed a loss of $5.76 billion, a stark contrast to the $808 million loss reported for the same period last year. Boeing’s losses, while primarily driven by other operational challenges, were only impacted by the strike in the last two weeks of the quarter. The financial hit from the continued work stoppage is likely to grow if negotiations remain stalled.
Boeing’s stock fell by 2.2% in pre-market trading on Thursday, following a 1.8% drop on Wednesday after the company released its quarterly results.
