Facing another heavy quarterly loss of $2.4 billion, the COVID-19-triggered market downturn, and continued uncertainty over the timing of the return-to-service of the 737 MAX, Boeing is making further cutbacks to its commercial aircraft production rates, studying additional layoffs and delaying deliveries of the 777X until 2022.

Announcing new steps in its aggressive retrenchment plan as part of the company’s 2020 second-quarter results, Boeing also confirmed production of the 747 will end in 2022 and said it is evaluating whether to consolidate in one location its two 787 production facilities in Everett, Washington and Charleston, South Carolina.

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