SEATTLE, April 9- Boeing Co warned on Thursday first-quarter profit would be slashed by lower-than-expected airplane prices and production cuts on its lucrative widebody planes as cash-strapped airlines defer purchases, sending its shares down 3.6 percent in after-hours trading. The world’s second-largest plane maker, along with rival Airbus, is being hit hard as carriers and cargo operators struggle with the economic downturn. So far this year, Boeing’s order book shows more cancellations than orders for jets.
Boeing to cut plane production
Friday, 10 April 2009
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