Boeing's troubled jet is costing US$1b to fix so far

Boeing is already estimating a US$1b increase in costs related to its troubled 737 Max and has pulled its forecast of 2019 earnings because of uncertainty surrounding the jetliner. The $1b figure is a conservative starting point. It covers increased production costs over the next few years but does not include the company's spending to fix software implicated in the crashes, additional pilot training, payments to airlines for grounded jets, or compensation for families of the dead passengers. The estimate was disclosed Wednesday in a presentation for investors as Boeing released Q1 financial results, which missed Wall Street expectations. While lacking many details, the disclosures gave the clearest picture yet of the financial damage that the accidents are causing to the aerospace giant. <br/>