The rumours have become reality. Boeing announced that it will adjust the production rate for the 747-8 program from two airplanes to 1.75 airplanes per month because of lower market demand for large passenger and freighter airplanes.
I was wondering why the cut earlier this year wasn't to 1.5 already? Perhaps the delay in certification of the PIP caused some commitments to choose later slots?
Some interesting other notes, as XWB has noted elsewhere, can be found by Googling "Boeing Plans Further Cut in 747 Jumbo Production wsj" and reading Jon Ostrower's article. Talks about Project Ozark and pushing the range further.
He also later tweeted "Later this year, 747-8 will be 3.5% better than the in 2011. 1.8% fuel burn, 7,600lbs lighter, tail tanks reactivated". Does anyone have an idea, if you also include the FMS updates and the increased maximum weights, where the airframe stands now compared to what was originally specified?