News Formal

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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

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:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Investors? Try FED proxies guaranteed not to lose. That's how billionaires become Trillionaires.

because investors have become stupid.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Boeing to cut workforce, production as pandemic delivers 'body blow' to business
Source: ABC - 🏆 471. / 51 Read more »