Fri. Nov 15th, 2024

A strike at a Boeing plant could exacerbate a shortage of planes and raise ticket prices

Boeing plant strike could exacerbate aircraft shortages and raise ticket prices

The first strike at a Boeing plant in 16 years began on Friday. This could worsen a global shortage of aircraft, lead to further increases in airfares and force airlines to operate older planes.

The first strike in 16 years at a Boeing factory could raise questions about a worsening global shortage of aircraft and higher airfares. This is reported by Reuters.

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The American Boeing aircraft factory on the West Coast announced a strike that began at midnight on Friday. It is the company's first strike since 2008, when the vast majority of workers rejected a new contract, halting production of Boeing's popular 737 MAX model.

Industry executives and analysts have warned that the strike could further exacerbate an already tight global aircraft shortage. affects air ticket prices and forces airlines to continue operating older aircraft. The lack of new planes can worsen the situation on the market and push the cost of air travel even higher.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116

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