Boeing’s 737 MAX crisis has not only hit the top and bottom lines, but has also exposed worrying cracks below the surface. Without proper fixes, the company is on a dangerous course, writes tombuerkle.
Boeing on July 24 reported a net loss of $2.9 billion for the second quarter of 2019, compared with a profit of $2.2 billion in the same period last year. At $5.21 a share, the loss was smaller than the $6.
30 mean forecast by analysts, according to data from Refinitiv.The results included an after-tax charge of $4.9 billion to cover customer compensation for disruption caused by the grounding of Boeing’s 737 MAX aircraft, which the company disclosed on July 18.
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