For a company that has lost $33 billion since 2019, a strike that virtually halts production of its major product is the last thing it needs. But that’s the reality for embattled aircraft maker Boeing.

Boeing could lose over $100 million in daily revenue until it reaches a settlement with its union that represents more than 30,000 workers, analysts said on Monday. The Seattle-area Boeing workers who build the planemaker's most popular 737 MAX and other jets in factories on the U.

Key Takeaways Boeing is taking substantial cost-cutting measures days after its largest union voted to strike.The measures at Boeing include a hiring freeze, a pause in purchase orders, and the delay of pay increases,