Boeing 737 MAX aircraft in storage at Boeing Field [Credit: AirlineGeeks | William Derrickson]
Key Takeaways:
Boeing has completely halted 737 production due to ongoing strikes by 33,000 International Association of Machinists and Aerospace Workers (IAM) members who refused to vote on the company's "final offer."
These costly strikes are predicted to cause Boeing $3.5 billion in revenue losses by the end of September, primarily from slowed 737 deliveries, leading the company to furlough workers to cut costs.
Boeing 737 production ground to a halt on Wednesday as the company continues to be riddled with costly strikes in the Pacific Northwest.
A Fortune report stated that two separate representatives from Boeing confirmed the production stoppage after a Tuesday Bank of America analyst note suggested production of the company’s best-selling jets had come to a “complete halt.”
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Caleb Revill is a journalist, writer and lifelong learner working as a Junior Writer for Firecrown. When he isn't tackling breaking news, Caleb is on the lookout for fascinating feature stories.
