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-0.000378037185112168 -0.00259280049183031 0.00496794321041392 0.00924472752683488 0.0358463259749732 -0.0106881422336271 -0.0106881422336271 -0.0106881422336271
Stock impact report

Boeing CEO Offers Hard Truths On Jobs, Dividend, Buybacks Ahead Of Q1 Report [Investor's Business Daily]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Related news Boeing ( BA ) warned air travel will take years to recover and offered clues on its workforce, dividend and share buybacks. Boeing stock fell. At the shareholder meeting Monday, CEO Dave Calhoun said that air travel demand likely won't recover for another two to three years. And when it does recover, the commercial market will be smaller, he added. He also revealed that Boeing will offer voluntary layoffs in June and expects "several thousand" will take them or retire. When asked when Boeing stock will pay dividends again, Calhoun replied, "It will be years." When asked when share repurchases would resume, he said Boeing must borrow heavily in the coming months, so it's priority will be on repaying loans vs. buybacks. Boeing recently drew down the full amount of a $13.8 billion loan as its cash flow dwindles. Last month, Boeing suspended its dividend and indefinitely extended a pause on buybacks, which began last year. The news comes ahead of the aerospace giant's Q1 rep Show less Read more
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