Boeing Plans Over $15 Billion Capital Raise on Monday Amidst $6.17 Billion Q3 Loss

Oct 27, 2024, 11:44 PM

Boeing is facing significant financial challenges, having reported a net loss of $6.17 billion in Q3 2024 on Wednesday, bringing total losses for the year to nearly $8 billion. The company also reported an operating cash flow loss of $1.34 billion, underscoring its precarious financial situation. In response, Boeing is planning to raise over $15 billion in capital as early as Monday to boost its liquidity and prevent its credit rating from falling to junk status. This capital raise is seen as a crucial step for the beleaguered airplane maker to regain stability.