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Stock impact report

Boeing extends Seattle-area production shutdown until further notice amid coronavirus pandemic [CNBC]

Boeing Company (The) (BA) 
Last boeing company (the) earnings: 4/29 07:30 am Check Earnings Report
Company Research Source: CNBC
BoeingThe manufacturer last month said it would pause production for two weeks at the facilities, where it produces wide-body planes. It had already suspended production in January of the 737 Max, which has been grounded for more than a year after two fatal crashes."These actions are being taken in light of the company's continuing focus on the health and safety of employees, current assessment of the spread of COVID-19 in Washington state, the reliability of the supply chain and additional recommendations from government health authorities," Boeing said in a statement. The decision does not impact work at its 787 facilities in South Carolina, a spokesman said.About 135 Boeing employees have tested positive for COVID-19, a Boeing spokesman said. Boeing employs about 160,000 people.Coronavirus and harsh measures to stop it such as travel bans and stay-at-home orders have roiled air travel demand. Airlines are parking hundreds of planes and deferring orders of new jets, promising diffic Show less Read more
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