(Bloomberg) -- As Boeing Co. lurches from one crisis to the next, there’s been one constant for the embattled planemaker: Its predicament appears to be only getting worse.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is No Longer WorkingHow Mexico City Averted All-Out DroughtThe Cablebus Transformed Commutes in Mexico City’s Populous OutskirtsAs Brussels Booms, an Old Boogeyman Returns: BrusselizationFrom a fre
Boeing stock was retreating in premarket trading Monday after dropping some big news on Friday evening. Despite recent woes, including quality problems, profitability problems, management turnover, and a labor strike, Wall Street, for the most part, backs the company. Shares of the commercial aerospace firm were down 1.8% in premarket trading at $148.26, while futures were up 0.2% and futures were down 0.2%.
Boeing declined to comment. In a surprise late Friday move, Boeing announced 17,000 job cuts and pre-announced quarterly earnings with $5 billion of charges led by a new delay to 777X and the ending of civil 767 production. The delay of one year in 777X deliveries to 2026 enshrines a delay already widely anticipated in the industry after certification and testing delays, and means the planned successor to the 777 mini-jumbo would be six years late.