Equities

Reuters exclusively reports coronavirus impact on Boeing, Airbus

Reuters exclusively reports coronavirus impact on Boeing, Airbus

Boeing shares rose 7% after it confirmed it was temporarily closing wide-body jet production due to the coronavirus crisis. This confirmed a Reuters report that it was leaning towards a suspension of production, after which Boeing shares had already risen around 4%. It was the second time in days that Reuters broke key production news after Airbus confirmed it was also pausing production – news that pushed the planemaker’s shares down 9%. Reuters had exclusively reported it was looking at halting output. nL1N2BC1JX, nL4N2BD2MV, nL8N2B98NO