More Covid-related Job Cuts Coming at Boeing
The commercial airplane manufacturer posted a $466 million net loss in the third quarter of 2020.

The Covid-19 pandemic and 737 Max grounding continue to pound Boeing, which recorded another consecutive loss in profit in the third quarter and plans to shed more jobs by the end of next year, the commercial airframer announced today. “The global pandemic continued to add pressure to our business this quarter, and we're aligning to this new reality by closely managing our liquidity and transforming our enterprise to be sharper, more resilient, and more sustainable for the long term,” said Boeing president and CEO Dave Calhoun.