Bad news!
"Boeing is moving to raise at least $10 billion by selling new shares in a bid to stop its cash drain, people familiar with the matter said.
In addition, the jet maker is laying groundwork to raise more cash in coming years, according to regulatory filings. A roughly monthlong strike by Boeing’s largest union is making things worse; its operations were burning through about $1 billion a month ... before that. Boeing, which last turned a profit in 2018, ended September with close to the minimum amount of cash and securities that the company has said it needs to operate. Credit-rating firms have warned that Boeing needed to raise capital and that its debt could be downgraded to junk status."
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