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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