What to look for when Boeing reports results as Covid keeps it in ‘no man’s land’

A Boeing 737 MAX sits exterior the hangar throughout a media tour of the Boeing 737 MAX on the Boeing plant in Renton, Washington.

Matt Mills | Reuters

Boeing is ready to element one other tough quarter earlier than the market opens Wednesday.

Here’s what to watch for when the corporate reports:

More losses, gross sales drop

737 Max replace

Coronavirus influence

The aerospace large, its suppliers, clients and rivals are going through mounting and interconnected losses from the coronavirus pandemic‘s toll on air journey demand.

Customers like airways are determined to save money. With demand at lower than half of 2019 ranges some are canceling or deferring deliveries. In the primary 9 months of 2020, Boeing misplaced a web 381 orders for new planes, together with each cancelations and conversions. The coronavirus might diminish trade demand for extra plane for the subsequent decade, in accordance to Boeing’s personal estimates.

Cash burn woes

Employment and manufacturing

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