Boeing to cut workforce, seek liquidity as coronavirus leads to quarterly loss [Reuters]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: Reuters
Boeing to cut workforce by 10% and reduce 787 production due to pandemic (Reuters) - Boeing Co ( BA.N ) said on Wednesday it would cut its workforce by about 10% and further reduce 787 Dreamliner production after reporting a loss for the second straight quarter as the coronavirus pandemic hits global travel demand. Its stock was up 5.4% at $138.34 in premarket trading. Planemakers, airlines and suppliers have been left reeling by the pandemic, which has crippled passenger travel, catapulted major economies into recession and forced major companies to scramble for cash to weather the downturn. Chicago-based Boeing said it was confident of getting sufficient liquidity to fund its operations, sending its shares up 5.4% in premarket trading. Reuters reported on Tuesday that it is working with investment banks on a potential bond deal worth at least $10 billion. Last month it drew down its entire $13.8 billion credit line and is also weighing seeking government aid. As the coronavirus to
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- 12/3/25 - Form 4
- BA's page on the SEC website