Boeing Will Take A $5 Billion Charge For Its 737 Max Troubles

0
Boeing. MUST CREDIT: Bloomberg photo by SeongJoon Cho.

Boeing will take a roughly $5 billion hit this quarter because of the 737 Max crisis.

The company said Thursday that it will record a $4.9 billion after-tax charge in the second quarter “in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 Max grounding and associated delivery delays.” The charge amounts to $8.47 a share.

The reduction comes to about $5.6 billion in revenue and earnings before taxes.

Read more at CNN.

{Matzav.com}

LEAVE A REPLY

Please enter your comment!
Please enter your name here