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The airplane manufacturer said it will eliminate nearly 16,000 jobs. Airlines are on pace to lose about $300 billion this year and aren't likely to be buying planes anytime soon.

Air travel has rapidly decreased, Congress has stepped up with assistance: more than $60 billion in aid for airlines as well as Boeing and some of its critical suppliers.

Airbus and Boeing halt production of its jets because of the coronavirus. Orders for new planes have fallen as air travel has plummeted due to the pandemic.

The number of people traveling by air has plummeted more than 90% since the beginning of March. More than half of the employees losing their jobs are being laid off involuntarily.

The aerospace giant said it will begin opening plants in Washington state in phases, despite a drop in orders for its planes.

David Calhoun says airlines are "grounding fleets, deferring airplane orders, postponing acceptance of completed orders, and slowing down or stopping payments."

Trade jobs that require less education, at much lower cost, sit empty. But many parents remain wary of programs that don't lead to a four-year degree.

Boeing statement: "The Board of Directors decided that a change in leadership was necessary to restore confidence in the Company." More than 300 people have died in Boeing 737 Max plane crashes.

Boeing suggests it could fly about mid-2020. Industry sources note that the FAA and other regulators around the world could take months longer to find the planes safe to fly passengers.

The former U.S. envoy to the U.N. said she "cannot support a move to lean on the federal government for a stimulus."