The Boeing strike has already cost the company and its workers $572 million – and the pace of losses is climbing

The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group.

The strike at Boeing by 33,000 members of the International Association of Machinists union, which reaches its seventh day today, has already cost the company and workers $572 million, according to an estimate from Anderson Economic Group. And the pace of losses will climb rapidly if there’s no settlement, as soon as the second week of the strike, said Patrick Anderson, the founder and president of the Michigan research firm, which has experience estimating the cost of economic disruptions like strikes. “The first week of losses for Boeing are substantial, but they’ll pale in comparison to what comes in the following weeks,” Anderson told CNN. Still, the losses are less than the $1.6 billion that Anderson estimates the first week of last year’s autoworker strikes at General Motors (GM), Ford (F) and Stellantis (STLA) cost the economy. The strike at Boeing (BA), on the other hand, has yet to have a measurable economic impact on airlines so far, Anderson said. Boeing deliveries to many airlines were already delayed, after a mid-air door plug blowout on a Boeing 737 Max in January led to increased oversight by the Federal Aviation Administration (FAA). The union told CNN Wednesday the two sides remain far apart at the negotiating table, and with the companysoon due to start rolling furloughs of many non-union staff, the losses could hit $1 billion early next week.