Boeing will cut 16,000 jobs after posting a massive loss [CNNMoney.com]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.boeing.com/investors/overview/default.aspx
Company Research
Source: CNNMoney.com
Boeing will cut 16,000 jobs after posting a massive loss New York (CNN Business) Boeing said it will slash staff and production after posting a massive first-quarter loss. Demand for air travel has evaporated during the coronavirus outbreak, and the aerospace company continues to reel from the 737 Max grounding. The company announced it would cut 10% of its jobs, about 16,000 positions, through a combination of buyouts, natural attrition and involuntary layoffs. The cuts will be deepest in Boeing's commercial airplane unit -- about 15% of jobs. And Boeing said it would drastically scale back production of the two widebody passenger jets, the 787 Dreamliner and the 777. The company lost $1.7 billion from its core operations, a bit worse than Wall Street had expected. Boeing was hit by both by the 737 Max crisis as well as airlines canceling and delaying orders for new planes because of of the pandemic. A shutdown of its factories due to health concerns cost the company $137 milli
Show less
Read more
Impact Snapshot
Event Time:
BA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BA alerts
High impacting Boeing Company (The) news events
Weekly update
A roundup of the hottest topics
BA
News
- Boeing (BA) Is Up 6.8% After Stronger Cash Flow Outlook And New Apache Deal - What's Changed [Yahoo! Finance]Yahoo! Finance
- Why was a Russian cosmonaut removed from SpaceX mission? What we know [USA TODAY]USA TODAY
- HALPER SADEH LLC ENCOURAGES THE BOEING COMPANY SHAREHOLDERS TO CONTACT THE FIRM TO DISCUSS THEIR RIGHTSPR Newswire
- Analysis-From 'Icarus bug' to flawed panels: Airbus counts cost of relying on single model [Yahoo! Finance Canada]Yahoo! Finance Canada
- A fighting chance: How Canada can beef up its defences and grow its economy at the same time [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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