Society of Manufacturing Engineers: Boeing Posts $641 Million Quarterly Loss, Burns Through Cash
April 30, 2020
April 30, 2020
DEARBORN, Michigan, April 30 -- The Society of Manufacturing Engineers issued the following news release:
Boeing Co. reported a $641 million first-quarter loss as the 737 Max aircraft remained grounded and the novel coronavirus (COVID-19) slashed demand for the company's aircraft.
The Chicago-based company also said it burned through $4.3 billion during the quarter. Separately, the aircraft maker told employees in a letter that it will cut 10 percent of jobs because of . . .
Boeing Co. reported a $641 million first-quarter loss as the 737 Max aircraft remained grounded and the novel coronavirus (COVID-19) slashed demand for the company's aircraft.
The Chicago-based company also said it burned through $4.3 billion during the quarter. Separately, the aircraft maker told employees in a letter that it will cut 10 percent of jobs because of . . .