Boeing Faces Once-Unthinkable Cuts, Factory Outbreak, Nikki Haley Uproar
- Company considers layoffs, pleads for bailout in Washington
- ‘Biggest threat of all time’ looms for aviation, Cowen says
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As it pleads for help in Washington, Boeing Co. is mapping out a series of drastic steps it may have to take to conserve cash during a swift and dramatic collapse in demand for air travel that’s threatening the company’s survival.
The aircraft maker was already reeling from the grounding of its 737 Max following two crashes, costing it billions of dollars in compensation to customers. Now it’s evaluating layoffs, a production pause and reductions to its research budget among a range of cost-cutting options, people familiar with the matter said.