Investors are clamoring for new Boeing debt after the company's $641 million first-quarter loss, report says | Markets Insider

📆 30/04/2020 23:25:00
📰 BusinessInsider

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Investors are clamoring for new Boeing debt after the company's $641 million first-quarter loss, report says

through the first quarter and posted a $641 million loss, its second profit shortfall in five years. Boeing also issued production cuts for its commercial plane segment and said it planned to cut 10% of its workforce.

A bond sale isn't the only option Boeing has explored to shore up cash. The plane manufacturer sought $60 billion in US government loans in mid-March and drew down on a $14 billion loan.Now read more markets coverage from Markets Insider and Business Insider:

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