{"id":381353,"date":"2020-10-31T08:38:09","date_gmt":"2020-10-31T03:08:09","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=381353"},"modified":"2020-10-31T08:54:48","modified_gmt":"2020-10-31T03:24:48","slug":"boeing-deepens-job-cuts-as-covid-19-737-max-grounding-extend-losses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/boeing-deepens-job-cuts-as-covid-19-737-max-grounding-extend-losses\/","title":{"rendered":"Boeing deepens job cuts as Covid-19, 737 Max grounding extend losses"},"content":{"rendered":"<p>(Reuters) &#8211; Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue.<\/p>\n<p>The U.S. planemaker also said it was sticking with reduced production rates announced in July, and signaled it was ready to cut 787 production again if needed with 50 undelivered jets sitting outside its plants.<\/p>\n<p>Shares in Boeing fell 4.6%, lagging weaker U.S. markets.<\/p>\n<p>The COVID-19 pandemic has sharply reduced air travel, pushing some airlines to bankruptcy or forcing them to seek government aid and delay taking jets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Boeing Co unveiled a fourth straight quarterly loss and deeper job cuts on Wednesday as the coronavirus pandemic and the lengthy grounding of its 737 MAX continued to hammer revenue. The U.S. planemaker also said it was sticking with reduced production rates announced in July, and signaled it was ready to cut 787 production again if needed with 50 undelivered jets sitting outside its plants. Shares in Boeing fell 4.6%, lagging weaker U.S. markets. The COVID-19 pandemic has sharply reduced air travel, pushing some airlines to bankruptcy or forcing them to seek government aid and delay taking jets.<\/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":[135,167,130],"tags":[],"class_list":["post-381353","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381353","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=381353"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/381353\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=381353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=381353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=381353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}