UPDATE 2-Boeing to cut workforce by 10% and reduce 787 production due to pandemic [Reuters]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: Reuters
Boeing cuts 787 production after second straight quarter of losses (Reuters) - Boeing Co ( BA.N ) reported a loss for the second straight quarter and said on Wednesday it would cut its workforce by about 10% as the planemaker further reduces 787 Dreamliner production against a slump in global travel demand. The planemaker said it was confident of getting sufficient liquidity to fund its operations, sending its shares up 5.4% in premarket trading. Boeing, which last month drew down its entire $13.8 billion credit line, is working with investment banks on a potential bond deal worth at least $10 billion, Reuters reported on Tuesday. Demand for Boeing’s bigger and more profitable 787 jet had waned as a result of the U.S.-China trade war. The pandemic has made it more difficult for the company to sustain production of the aircraft, which is its main source of cash at a time when the 737 MAX remains grounded. Boeing said it plans to cut the jet’s production to seven units per month by 20
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BA
Earnings
- 10/29/25 - Miss
BA
Sec Filings
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- 1/6/26 - Form 4
- BA's page on the SEC website