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0.000654259959290516 -0.00407095085780752 -0.00697004943297468 -0.0079238150625182 -0.00434719395173004 0.000799651061355144 0.0295870892701366 0.0447077638848503
Stock impact report

UPDATE 3-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 Check Earnings Report
Company Research Source: Reuters
Boeing to cut workforce, seek liquidity as coronavirus leads to quarterly loss (Reuters) - Boeing Co ( BA.N ) said on Wednesday it would cut its workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as the coronavirus pandemic drove the planemaker to a net loss for the second straight quarter. Chicago-based Boeing said it was confident of getting sufficient liquidity to fund its operations, sending its shares up 4.6% to $137.05 in opening trade. Reuters reported on Tuesday that Boeing 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. 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. “The aviation industry will take years to return Show less Read more
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