# Boeing's 2024 Outlook: A Bearish Perspective
**TL;DR**: Boeing's 2024 is plagued by crippling labor strikes, production defects, delays in its aerospace programs, and a CEO drawing a massive paycheck despite mounting losses. With no clear solutions in sight, the company's stock is suffering, and the outlook remains bleak.
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### Key Issues Facing Boeing in 2024:
1. **Prolonged Labor Strikes**: Since mid-September, 33,000 skilled workers have been on strike, demanding higher wages and the reinstatement of pensions. Boeing's factories remain largely idle, costing the company $50 million a day. Negotiations have made little progress, and the strike shows no signs of ending
2. **Production Defects and Supply Chain Woes**: Ongoing problems with the 737 MAX, including engine defects and supply chain breakdowns, continue to delay production. These issues are driving away key customers and worsening Boeing’s reputation
3. **Starliner Space Program Failures**: Boeing’s Starliner spacecraft has failed to meet NASA deadlines, missing another opportunity to transport astronauts to the ISS. This has further tarnished its credibility in the space sector, leaving SpaceX to dominate
4. **Financial Instability and Credit Downgrade Risk**: Boeing’s stock price has nosedived, and analysts are warning of a potential credit rating downgrade due to weak financial performance and rising operational costs
5. **CEO Compensation Controversy**: Despite the company’s deepening struggles, CEO David Calhoun continues to receive a significant paycheck, raising outrage among striking workers and discontented shareholders
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Boeing’s problems in 2024 are compounding, with its future looking increasingly uncertain. Investors hoping for a recovery may have to wait far longer than expected as the company grapples with major operational and reputational crises.
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