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Boeing to cut 10% of workforce amid staggering $641 million loss in first quarter

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Boeing to cut 10% of workforce amid staggering $641 million loss in first quarter

Old 4th May 2020, 14:26
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Staggering? $641 million is the cost if two 787’s. Just a drop in the ocean?
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Old 4th May 2020, 15:04
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Originally Posted by VH DSJ
Staggering? $641 million is the cost if two 787’s. Just a drop in the ocean?
It was only really mid March when the industry really hit the skids, so 2 or 3 weeks of those Q1 numbers. Airlines are not accepting deliveries, cancelling orders, engineering support is minimal as fleets are not flying, projects hit due staff not working due lockdowns.....A & B are both in big trouble, as is pretty much everyone in the industry sadly.
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Old 4th May 2020, 18:57
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Originally Posted by LGW Vulture
I'd take on tdracer as my COO.
Thanks for the vote confidence, but I'm not sure I'd want the job. It sounds like a rather nasty job (especially now), and I'm rather enjoying this retirement gig .
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Old 5th May 2020, 08:31
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The Seattle Times has been awarded a Pulitzer Prize for their reporting on the Max
https://www.seattletimes.com/inside-...2020&utm_term=
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Old 5th May 2020, 09:43
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Well deserved I'd say.
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Old 5th May 2020, 21:56
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Originally Posted by hec7or
The Seattle Times has been awarded a Pulitzer Prize for their reporting on the Max
https://www.seattletimes.com/inside-the-times/seattle-times-wins-pulitzer-prize-for-boeing-737-max-coverage/
Dominic Gates and his team absolutely deserved this recognition, they did an absolutely brilliant job, at the beginning in the face of much scepticism from the rest of the aviation world
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Old 6th May 2020, 09:25
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Originally Posted by kiwi grey
Dominic Gates and his team absolutely deserved this recognition, they did an absolutely brilliant job, at the beginning in the face of much scepticism from the rest of the aviation world
Agreed, that was journalism at its finest.
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Old 7th May 2020, 11:07
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With the 737 Max now requiring the full simulator training that Boeing was trying to circumvent in the first place, they might have well avoided all the shortcuts taken which caused them to arrive here in the first place. They will have to repair the reputational damage by committing to their current customers of the 737 Max by spending whatever it takes to assure customers that this is a safe aircraft with multiple redundancies. Fortunately for them, the 737 lineage itself is still an intact brand with a good safety history. I don't see them abandoning ship - they have too many orders to scrap the airplane and it will take 5 years for them to design its successor.
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