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.