Accidents
Boeing to Take $4.9 Billion Hit in Q2 Due to Max Grounding
The U.S. manufacturer suffers a $5.6 billion reduction in revenue and $1.7 billion cost increase in the second quarter.
A Boeing 737 Max 9 gets towed into position at the 2017 Paris Air Show. (Photo: David McIntosh)
A Boeing 737 Max 9 gets towed into position at the 2017 Paris Air Show. (Photo: David McIntosh)

Boeing will record an after-tax charge of $4.9 billion, or $8.74 per share, in its second-quarter results due to the grounding of the 737 Max, the company announced Thursday. The charge, which Boeing bases on an estimate of potential concessions and “other considerations” to customers for disruptions to their operations, will result in a $5.6 billion reduction of revenue and pre-tax earnings in the quarter, the company added.