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Boeing posts record quarterly loss over 737 MAX problems
https://www.dw.com/en/boeing-posts-record-quarterly-loss-over-737-max-problems/a-49731752Boeing posts record quarterly loss over 737 MAX problems
The US aerospace company recorded a loss of $2.9 billion in the second quarter of 2019. Boeing's 737 MAX model is still grounded after its involvement in two deadly crashes.
Boeing recorded its largest-ever quarterly loss on Wednesday as the company continues to struggle with the grounding of its 737 MAX aircraft after it was involved in two deadly crashes.
Airliners were forced to ground the model in March after crashes in Ethiopia and Indonesia together killed 346 people less than half a year apart.
Boeing said the halt of new deliveries of the aircraft since then was part of the reason why revenues collapsed more than 35% in the second quarter.
Global airlines including Ryanair have reported decreasing revenues after they had to use spare aircraft, due to the delay.
(snip)
Last week, the company said it would set aside nearly $5 billion to compensate airlines for canceled flights and delayed deliveries.
