Boeing Could Face More Pain as Union Issues Drag On [Yahoo! Finance]
Southwest Airlines Company (LUV)
Last southwest airlines company earnings: 4/28 06:00 am
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Source: Yahoo! Finance
However, the company's misery has now extended to include thousands of striking workers demanding higher pay and benefits. Meanwhile, the company's debt position is worsening by the day. Despite positive earnings forecasts for 2025, I'm bearish on Boeing. Boeing Worker Pay Demands As most investors and members of the general public will know, it's been tough sledding for Boeing in recent years. Amid continued quality concerns and delivery delays, Boeing's ongoing labor dispute has reached a critical juncture. The company recently presented its “best and final offer” to striking workers, but the effort appears to be in vain. Every week there seems to be a new reason to be pessimistic on Boeing. The recent proposal included a 30% pay raise over four years, up from the previous 25% offer. It also promised a doubling of the ratification bonus to $6,000. However, the International Association of Machinists and Aerospace Workers (IAM) has rejected Boeing's ultimatum, refusing to hold
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Earnings
- 7/25/24 - Beat
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Sec Filings
- 9/26/24 - Form DEFA14A
- 9/26/24 - Form DFAN14A
- 9/26/24 - Form DEFA14A
- LUV's page on the SEC website