UPDATE 7-Boeing to shrink workforce, raise cash as coronavirus slams jet industry [Reuters]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
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Source: Reuters
Boeing to shrink workforce, raise cash as coronavirus slams jet industry (Reuters) - Boeing Co ( BA.N ) said on Wednesday it would cut its 160,000-person workforce by about 10%, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the coronavirus pandemic that drove its second consecutive quarterly loss. Boeing shares closed 5.9% higher to $139 after the company said it was confident of getting sufficient liquidity to fund operations and would have positive cash flow next year as it ramps up production of the grounded 737 MAX. After the market close, S&P lowered its credit rating for Boeing to BBB-, one step above junk, saying that earnings and cash flow over the next few years are likely to be lower than it had previously expected due to the impact of the coronavirus. 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 do
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News
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- Aerospace earnings season approaches with strong backdrop, Susquehanna says [Seeking Alpha]Seeking Alpha
- Halper Sadeh LLC Encourages The Boeing Company Shareholders to Contact the Firm to Discuss Their RightsBusiness Wire
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