China News Agency, Houston, April 29. On the 29th, Boeing's first quarter 2020 financial report showed that Boeing had a net loss of 641 million US dollars in the first quarter. It is currently planning to reduce production and layoffs.

　　The financial report shows that in the first quarter of 2020, Boeing's revenue was 16.91 billion US dollars, a decrease of 26% year-on-year; the net loss was 641 million US dollars, and the net income for the same period last year was 2.149 billion US dollars. In the first quarter, Boeing's cash flow decreased by $ 4.3 billion, and as of the end of the first quarter, it held $ 15.5 billion.

　　In terms of order delivery, the number of commercial aircraft delivered in the first quarter was 50, compared with 149 in the same period last year. Among them, five 737 series were delivered, compared with 89 in the same period last year.

　　As for the backlog of orders, as of the end of the first quarter, Boeing's outstanding orders totaled $ 439 billion. Of these, more than 5,000 commercial aircraft orders were backlogged, valued at US $ 352 billion.

　　In terms of revenue from the commercial aircraft business, it was US $ 6.205 billion in the first quarter, a year-on-year decrease of 48%, and an operating margin of -33.3%.

　　According to the financial report, the main reason for the decline in the operating profit margin is the decline in delivery volume; the second is the abnormal production cost of US $ 797 million caused by the shutdown of the 737MAX; the third is the maintenance cost of the fuselage and wing connection components of the 737NG series passenger aircraft reaching US $ 336 million; Affected by the new coronary pneumonia epidemic, Boeing suspended production of the 787 aircraft at the Puget Sound plant, resulting in an abnormal production cost of $ 137 million.

　　In terms of revenue from defense, aerospace and security business, the first quarter was US $ 6.042 billion, down 8% year-on-year; the operating margin was -3.2%, compared with 12.9% in the same period last year.

　　Boeing detailed the company's cost reduction measures, production plans, and expectations for additional liquidity in an analyst conference call that day.

　　Boeing CEO Dave Calhoun said that due to the impact of the new coronavirus epidemic, the global aviation market has "frozen", "the aviation industry is currently not interested in receiving new aircraft", "for a period of time, Boeing will shrink into a company Smaller companies. "

　　Boeing said that in 2020, the productivity of 787 aircraft will be reduced from 14 to 10 per month, and will be reduced to 7 per month by 2022; the productivity of 777 and 777X will be reduced to 3 per month in 2021; 767 and The 747's production plan has not changed.

　　Boeing also pointed out that it will cut about 16,000 positions through buyouts, natural layoffs and involuntary layoffs, accounting for 10% of the total staff.

　　According to CNN, Boeing is freezing recruitment and offering buyout contracts to serving employees. The media said that the largest layoffs will be the commercial aircraft sector, which is expected to lay off about 15%.

　　"The Wall Street Journal" said that after the "911" terrorist attacks in 2001, the number of American airline passenger traffic dropped sharply, when Boeing lay off 30,000 people and significantly reduced production. The media said that the severity of the measures taken by Boeing is expected to be less than that of the year.

　　In addition, the US Consumer News and Business Channel pointed out that on the 29th, Calhoun refused to disclose whether Boeing accepted financial assistance from the US federal government, saying that "all options" are still under consideration. (Finish)