Boeing Plans $15 Billion Capital Raise on Monday Amid $6.17 Billion Q3 Loss to Boost Liquidity

Oct 27, 2024, 11:58 PM

Boeing is planning to raise over $15 billion in capital as early as Monday, according to sources familiar with the matter. This move comes in response to significant financial challenges faced by the company, including a reported net loss of $6.17 billion in Q3 2024, bringing total losses for the year to nearly $8 billion. Additionally, Boeing reported an operating cash flow loss of $1.34 billion, underscoring the precarious nature of its financial situation. The capital raise is intended to boost Boeing's liquidity and prevent its credit rating from dropping to junk status. Boeing has long been crucial to the U.S. economy and has faced declining trust from travelers, airlines, regulators, investors, and its own employees.