Boeing Faces Production Delays Post-Strike

Boeing is gradually restarting airplane production after a 52-day strike by machinists in the Puget Sound area, which ended after a new contract was ratified. The contract includes a 38% wage increase over four years. Boeing plans to resume production of several aircraft models, including the 737, 767, and 777/777X, focusing on safety and compliance with its Safety Management System. The strike significantly reduced October deliveries to the lowest level in years and forced Boeing to implement a 10% workforce reduction. Airlines, such as Southwest, have adjusted their expectations for future deliveries. Despite these challenges, Boeing sees long-term growth potential in air cargo traffic and has raised over $21 billion to manage its financial stability.