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Boeing reports $2.4billion quarter loses, more job cuts

Posted: Thu, 30 Jul 2020 9:57 am
by abbby
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

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

Posted: Thu, 30 Jul 2020 11:19 am
by PNGMK
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.

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

Posted: Thu, 30 Jul 2020 11:28 am
by abbby
That's true...will there be a possibility Boeing could go bankrupt at this rate it's going?

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

Posted: Thu, 30 Jul 2020 12:48 pm
by PNGMK
It's a national strategic asset. It might be mothballed but is too important to fail.

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

Posted: Thu, 30 Jul 2020 1:51 pm
by Punctual
Looks like aviation and tourism industry may not be able to recover anytime in the near future.