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Boeing Swings To Loss, Sales Plummet Amid 737 MAX Challenges

Cal Biesecker By
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Boeing Swings To Loss, Sales Plummet Amid 737 MAX Challenges
Boeing President and CEO Dennis Muilenburg. Photo: Boeing

A surprise to no one, Boeing [BA] on Wednesday swung to a loss in its second quarter on massive charges related to its 737 commercial aircraft program, which also led to a precipitous decline in sales, but the negatives were partially offset by gains in the company’s defense and services businesses. “The safe return to service of the 737 MAX is our company’s top priority,” Dennis Muilenburg, Boeing’s chairman, president and CEO, said on the company’s earnings call, repeating a…

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