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737 MAX grounding drives $2.9 billion loss for Boeing

By James Langford
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737 MAX grounding drives $2.9 billion loss for Boeing

Boeing posted a $2.9 billion loss for the three months through June after the grounding of its best-selling 737 MAX halted deliveries and the plane-maker booked a $4.9 billion charge to cover concessions to airlines hurt by the delays.

The loss of $5.21 a share compared with profit of $2.2 billion, or $3.73 a share, a year earlier, the Chicago-based company said in a statement.

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