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737 MAX Woes Lead Boeing To Record $4.9 Billion Charge, Hit To Sales

Cal Biesecker By
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737 MAX Woes Lead Boeing To Record $4.9 Billion Charge, Hit To Sales
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

Problems related to the ongoing grounding of airlines’ fleets of Boeing’s [BA] 737 MAX passenger airplanes led the company on Thursday to announce it will take a $4.9 billion after-tax charge in its second quarter financial results, which will be released on July 24. The charge will chop $8.74 earnings per share from the bottom line results, Boeing said. The company also said the charge will result in a $5.6 billion reduction in sales in the quarter. The charge assumes…

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