• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Saturday, June 7, 2025
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home US News US Business

Boeing’s big week includes Q1 results and government aid deadline

Loud Silence Staff by Loud Silence Staff
April 27, 2020
in US Business
0
Boeing’s big week includes Q1 results and government aid deadline
4
SHARES
20
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

[ad_1]

The Boeing logo is pictured at its Renton Factory, where the Boeing 737 MAX airliners are built in Renton, Washington on April 20, 2020.

JASON REDMOND | AFP via Getty Images

A slew of upcoming Boeing announcements aim to calm investor nerves and set the stage for future growth — much like when Dave Calhoun was named as the aerospace giant’s next CEO.

In the next week, Boeing will hold its annual meeting, report first-quarter results and face the application deadline for a multi-billion dollar aid package from the federal government.

Those familiar with the discussions of Boeing’s leadership said Calhoun is planning to show investors the company will build two financial bridges to the future: A near-term one focused on cutting near-term losses brought on by the coronavirus and a longer-term bridge to deal with fewer orders for commercial airplanes and a smaller airline industry.

The question for investors is how much it will cost Boeing to build those bridges and where will the money come from. The growing uncertainty over possible losses in the first quarter and beyond is a principal reason shares of Boeing are down more than 50% since Calhoun became CEO in January.

Calhoun has made it clear he and his leadership team are preparing the company for a future that will look far different than two years ago, when commercial airplanes orders were soaring and production rates climbed to record highs.

In a message sent to Boeing employees in early April, Calhoun wrote, “We will need to balance the supply and demand accordingly as the industry goes through the recovery process for years to come.”

That means production cuts in the commercial airplane division. Boeing executives tell CNBC the company is expected to outline new targets for wide-body plane production, including a new, lower monthly build rate for the 787 Dreamliner.  

Given slower production schedules in the future, Boeing will also likely announce plans to trim its payroll, according to those familiar the company’s plans. The payroll cut could be as much as 10% of the company’s 160,000 employees, with some of the reduction expected to come through early retirement packages and natural attrition. Still, given the size of the expected payroll cut, Boeing could also layoff many employees.  

Wall Street knows Boeing has to restructure, and for the most part, that expectation is now built into shares of the Dow component. What remains unclear is exactly how much it will cost the company to right size its commercial airplane business. More importantly, it is also unclear how Boeing will build up the liquidity needed to get through a second and third quarter with limited revenue.

After lobbying Washington to earmark as much as $60 billion in government aid for the aerospace industry, Boeing has yet to say if it will apply for some of that money. That will likely change this week since the Treasury Department has set May 1 as the deadline for companies to apply for some of the billions set aside for “businesses critical to maintaining national security.” While the application does not specifically list the companies it is designed to help, this is the Treasury program designed to provide billions to Boeing.  

The question is what terms the Treasury secretary will set for lending that money and whether Boeing will be willing to accept them or decide to seek billions in the private sector. Earlier this month, the Treasury Department received stock warrants worth tens of millions of dollars from airlines that borrowed from the federal government.   

In late March, Calhoun indicated Boeing may pass on government loans if it requires giving the Treasury Department a stake in the company. Since then, Boeing executives have told CNBC that Calhoun’s comments have been misinterpreted as a definitive line drawn in the sand. Those executives say the Boeing leadership team has not made any final decisions on government aid and the determining factor will be the terms that are ultimately negotiated with the Treasury Department.

[ad_2]

This content first appear on cnbc

You might also like

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

Global cases top 3.6 million, Trump says more deaths inevitable

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

Tags: Aerospace and defense industryAirlinesBoeing Cobusinessbusiness newsCoronavirus: BusinessTransportationU.S. Economy
Previous Post

Persons Required To Wear A Mask At All Times (LIST) | Social

Next Post

Thiem says struggling tennis players don’t deserve his hard-won money

Loud Silence Staff

Loud Silence Staff

Related Posts

US Business

Billionaire Mark Zuckerberg loses $5.9bn in a day as Facebook faces rare outage, whistleblower testimony

by News Reporter
October 5, 2021
Global cases top 3.6 million, Trump says more deaths inevitable
US Business

Global cases top 3.6 million, Trump says more deaths inevitable

by Loud Silence Staff
May 6, 2020
Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition
US Business

Supreme Court says Justice Ruth Bader Ginsburg underwent treatment for gallbladder condition

by Loud Silence Staff
May 6, 2020
US Business

United Airlines service workers sue over schedule cuts after airline got federal coronavirus aid

by Loud Silence Staff
May 5, 2020
Disney reports quarterly earnings, and TikTok gains more influence
US Business

Disney reports quarterly earnings, and TikTok gains more influence

by Loud Silence Staff
May 5, 2020
Next Post
Thiem says struggling tennis players don’t deserve his hard-won money

Thiem says struggling tennis players don't deserve his hard-won money

Recommended

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

Penguin Meets Up With Orangutan During Excursion In Empty San Diego Zoo

May 1, 2020
CIA warned employees against Trump’s wonder drug

CIA warned employees against Trump’s wonder drug

April 14, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July
Ghana News

President Mahama Unveils 24-Hour Economy Plan, Set to roll out in July

May 28, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Ghana’s Medical and Dental Council Clarifies Stance on Dr. Anne Sansa Daly’s Certification

May 26, 2025
Nii Armah Amarteifio Apologizes to Dr. Daly
Ghana News

Nii Armah Amarteifio Apologizes to Dr. Daly

May 24, 2025
Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly
Ghana News

Unmasking the Propaganda Machine: The Coordinated Smear Campaign Against Dr. Anne Sansa Daly

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025
Legal Notice: Demand for Retraction of Defamatory Publication
Ghana News

Legal Notice: Demand for Retraction of Defamatory Publication

May 23, 2025

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.