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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.

Southwest Airlines is the biggest operator of Boeing's 737 Max in the U.S. While the plane remains grounded following two fatal overseas crashes, Southwest has had to juggle its flight operations.

Authorities in Ethiopia are preparing to release preliminary findings on the cause of the crash of an Ethiopian Airlines Boeing 737 Max 8 jet that killed all 157 people on board.

Two Boeing 737 Max crashes are raising questions about whether the convenience of software has made it easier to miss the seriousness of possible flaws.

Two high-profile plane crashes. The grounding of its bestselling jetliner. How did Boeing get here, and how can it recover from this crisis of confidence?

Regulators around the world have grounded hundreds of Boeing's 737 Max planes. The company faces potential hits to its bottom line and its reputation. Delivery delays could affect its suppliers, too.

The announcement Wednesday afternoon follows decisions by many other countries to ground the planes in the wake of Sunday's deadly crash of an Ethiopian Airlines flight.

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Officials of the Air Accidents Investigation Branch will look into why the Ethiopian Airlines plane caught fire as it sat empty at the gate. Investigators say it does not appear to be related to the battery, which had caused fires on other 787s.

Boeing's stock plummeted more than 7 percent on news of another fire on board a 787 Dreamliner. The plane was on the ground at London's Heathrow Airport and no passengers were on board. It's not known yet whether the fire had anything to do with the troubled plane's battery or electric system.