{"id":365488,"date":"2020-07-30T10:42:31","date_gmt":"2020-07-30T05:12:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=365488"},"modified":"2020-07-30T11:08:54","modified_gmt":"2020-07-30T05:38:54","slug":"coronavirus-impact-boeing-reports-big-loss-hints-at-more-job-cuts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coronavirus-impact-boeing-reports-big-loss-hints-at-more-job-cuts\/","title":{"rendered":"Coronavirus impact: Boeing reports big loss, hints at more job cuts"},"content":{"rendered":"<p>Boeing reported a bigger-than-expected loss Wednesday and said it would further trim its plane production because of weak demand in the wake of the coronavirus pandemic. <\/p>\n<p>The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand. <\/p>\n<p>Revenues plunged 25 percent to $11.8 billion. <\/p>\n<p>Chief Executive Dave Calhoun said the company would cut its plane production schedule and phase out production of the iconic 747, warning that the company &#8220;will have to further assess the size of our workforce&#8221; in a message to employees.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boeing reported a bigger-than-expected loss Wednesday and said it would further trim its plane production because of weak demand in the wake of the coronavirus pandemic. The aerospace giant suffered a $2.4 billion second-quarter loss, reflecting the hit from much lower commercial plane deliveries as airlines suspend purchases due to falling consumer demand. Revenues plunged 25 percent to $11.8 billion. Chief Executive Dave Calhoun said the company would cut its plane production schedule and phase out production of the iconic 747, warning that the company &#8220;will have to further assess the size of our workforce&#8221; in a message to employees.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-365488","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=365488"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/365488\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=365488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=365488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=365488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}