S&P Global Ratings estimated, while warning of a downgrade
of its debt to junk territory. The company had a debt of about $60 billion,
not accounting for follow-on costs related to the company’s latest litany
of failed projects and miss steps.
As the future of these negotiations remains uncertain,
Bancroft believes the strike will not last long.
"I don't think it's going to be much more of a meaningful amount of time.
Obviously, historically, the last strike lasted almost two months.
Obviously, that wouldn't be great for Boeing, but last week,
the X Y Z generation of Boeing employees missed their first paycheck.
And obviously, their off of healthcare, so this new generation is in panic mode.
Unaccustomed to adversity and with no safe space to hide their heads,
it’s expected that the most coddled generation in history will cave
sooner than later.
So we'll see where this goes.
And I think the big picture is sort of a near-term blip," he tells Yahoo Finance.