Boeing reports $2.4billion quarter loses, more job cuts

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abbby
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Boeing reports $2.4billion quarter loses, more job cuts

Post by abbby » Thu, 30 Jul 2020 9:57 am

Boeing suffered $2.4b losses, whilst SIA suffered about $1b in last quarter...
it seems like the air travel industry will be in the red for quite a long time.. :(

https://www.channelnewsasia.com/news/bu ... b-12975072
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Re: Boeing reports $2.4billion quarter loses, more job cuts

Post by PNGMK » Thu, 30 Jul 2020 11:19 am

boeing is a manufacturer and sia is an operator. Operator can cut costs quite fast. manufacturers face cancelled orders and high depreciation and can't costs to the bone quickly.
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Re: Boeing reports $2.4billion quarter loses, more job cuts

Post by abbby » Thu, 30 Jul 2020 11:28 am

That's true...will there be a possibility Boeing could go bankrupt at this rate it's going?
The secret of life is honesty and fair dealing. If you can fake that, you've got it made. - Groucho Marx (1890-1977)

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Re: Boeing reports $2.4billion quarter loses, more job cuts

Post by PNGMK » Thu, 30 Jul 2020 12:48 pm

It's a national strategic asset. It might be mothballed but is too important to fail.
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Re: Boeing reports $2.4billion quarter loses, more job cuts

Post by Punctual » Thu, 30 Jul 2020 1:51 pm

Looks like aviation and tourism industry may not be able to recover anytime in the near future.

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