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Boeing Posts Biggest Loss in a Decade After 737 MAX Grounding

Reuters

   Boeing Co reported a nearly $3 billion quarterly loss on Wednesday, its
   largest in a decade, as the world's largest planemaker struggles with
   the prolonged grounding of its best-selling 737 MAX jet, sending its
   shares down slightly in premarket trading.

   Chicago-based Boeing has been unable to deliver any 737 MAX aircraft
   since the single-aisle plane was grounded worldwide in March after two
   fatal crashes in Ethiopia and Indonesia killed 346 people in a span of
   five months.

   The total cost so far of the 737 MAX crisis now exceeds $8 billion
   after Boeing disclosed a $4.9 billion charge last week that includes
   compensation the planemaker will have to pay airlines for the delayed
   deliveries.

   The second-quarter loss was Boeing's biggest quarterly loss in 10
   years.

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