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Boeing new plane orders4/5/2024 ![]() The manufacturer has been bleeding money since two fatal crashes last year after two deadly crashes prompted the worldwide grounding of the 737 Max, while the coronavirus pandemic has wiped out global demand for air travel. It has also increased estimates of the 737 Max costs to $5bn in total. The job losses come after the US manufacturer made a core operating loss of $1.7bn during the first three months of the year during an unprecedented crisis for the global aerospace and aviation industries. ![]() Planemaker Boeing plans to axe 16,000 jobs – one in 10 of its global workforce – in a drastic round of cost cutting in response to the coronavirus pandemic and the grounding of its 737 Max plane.
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