Boeing cuts expenses to face long-term effects of COVID-19

Boeing cuts expenses to face long-term effects of COVID-19

Boeing’s results showed dire figures, especially for its Commercial Airplanes business. Boeing President and CEO David Calhoun pointed to the COVID-19 pandemic as the root of the company’s troubles. The fall in revenues for Commercial Aircrafts, declining from US$11,822bn to US$6,205bn year-on-year and featuring US$2bn in operating losses, could be foreseen from the recent succession […]

– eTurboNews | Trends | Travel News
http://dlvr.it/RVjqPl