Boeing Reports $6B Q3 Loss: 'This Is The Bottom,' Says Analyst

Troubled aerospace giant Boeing Co. (NYSE:BA) reported a $6 billion third-quarter loss on Wednesday, the company's largest since 2020, amid an ongoing labor strike and a company-wide turnaround effort. Analysts weighed in on the company's issues and what is next for Boeing. 

The Details: BofA Securities analyst Ronald Epstein pointed to Boeing stock's muted reaction to the company's earnings report as capturing investor sentiments of "1) This is the bottom and 2) There are plenty more skeletons in the closet for Kelly [Ortberg] to find."

The research firm said the most critical first step to make Boeing "great again" is ending the labor strike. The firm estimates the strike is costing Boeing approximately $50 million a day due to the halt in production and said a strike lasting 58 days would result in a financial impact of nearly $3 billion to ...