Boeing Shares Drop Pre-Market As Labor Strikes Expected To Wipe $3.5B From Airplane Maker's Q4 Cash Flow
Troubled American planemaker Boeing Co is down 1.7% in premarket trading on Friday after the company said that it expects to report an operating cash flow loss of $3.5 billion for the fourth quarter owing to the work stoppage by the International Association of Machinists and Aerospace Workers (IAM), in addition to other factors.