Boeing, which builds the 737 south of Seattle, said it would not lay off any of the roughly 12,000 employees there during the production freeze. “We estimate that Boeing is burning nearly $2 billion per month on the MAX but this will not drop to zero during the halt,” JPMorgan analysts said in a note to clients. Analysts at Jefferies estimated a cash burn of more than $730 million a month. …read more
Source:: Yahoo Finance
