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From: Miloch <Miloch_member@newsguy.com>
Newsgroups: alt.binaries.pictures.aviation
Subject: Boeing to Take $4.9 Billion Charge Related to Grounded 737 Max as Fallout Continues
Date: 18 Jul 2019 20:12:08 -0700
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more at
https://gizmodo.com/boeing-to-take-4-9-billion-charge-related-to-grounded-1836512480
Ahead of its earnings report next week, Boeing on Thursday said it will report
an after-tax charge of $4.9 billion related to its grounded 737 Max jets.
forced to continue revising their flight schedules with no clear end in sight.
The company said the charge would result in a $5.6 billion hit to revenue and
pre-tax earnings for the quarter.
moment for Boeing. Nothing is more important to us than the safety of the flight
crews and passengers who fly on our airplanes. The MAX grounding presents
significant headwinds and the financial impact recognized this quarter reflects
possible the planes could remain grounded into next year. Citing Federal
Aviation Administration officials and pilot-union leaders, the Wall Street
Journal reported this week that the 737 Max may not be approved for commercial
flight before January 2020.
would lift the order when it determined it was safe. The agency is in the
process of reviewing a software update and pilot training procedures following
two separate deadly crashes that resulted in the deaths of hundreds of people.
reviews. Most recently, United Airlines said it was extending flight
cancellations through the first week of November, with American Airlines
following suit earlier this week.
more at
https://gizmodo.com/boeing-to-take-4-9-billion-charge-related-to-grounded-1836512480
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