Many questions for Boeing as it reports earnings | Malay Mail

📆 29-04-20 21:28:00
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NEW YORK, April 29 — As it reports first quarter earnings today, Boeing faces many questions over how it will navigate the coronavirus crisis and its devastating impact on global aviation. The largest exporter of manufactured goods in the United States, Boeing is expected by Wall Street analysts...

A worker leaves the Boeing Everett Factory, amid the coronavirus disease outbreak, in Everett, Washington, US, March 23, 2020. — Reuters pic

The downturn reflects the profoundly weak outlook for commercial aviation in the wake of the grounding of much of the world’s planes as governments combat Covid-19. Boeing could announce today a 10 per cent cut in headcount composed of voluntary departures and layoffs in its commercial plane business, sources told AFP. Boeing employs about 160,000 people worldwide.

Officials from the company are expected in the coming days to begin talks with the US Treasury on potential federal support, sources said.

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