Boeing may face billions more in losses as MAX crisis deepens - analysts

Boeing may have to book billions of dollars in additional charges related to its parked 737 MAX jets, brokerages said Monday, citing fresh uncertainty over the time frame for lifting a safety ban imposed after deadly crashes. Credit Suisse and UBS downgraded the stock after Reuters Friday reported that a series of internal messages from a former Boeing pilot described the plane’s software as behaving erratically months before the jet entered service. The new revelation plunged the planemaker into a fresh crisis involving its flagship single-aisle aircraft, as the worldwide safety ban on the 737 MAX stretches into its eighth month. Boeing booked a US$5.6b pre-tax charge in Q2 and in July had estimated the total cost of the MAX grounding to be more than US$8b. <br/>