Boeing estimates 737 Max crisis will cost US$18.6b
Boeing now pegs the financial impact of the 737 Max grounding at US$18.6b, including estimated costs associated with concessions to customers and disruption to the now-halted production line. The company disclosed its latest estimates Wednesday, the same day it reported a full-year 2019 net loss of $636m, down from a net profit of $10.5b the year before. Boeing now anticipates concessions to 737 Max customers will cost it $8.3b, rising by $2.6b on the previous estimate of $5.6b. Additionally, the company now predicts it will incur $6.3b in additional “estimated costs to produce 737 aircraft included in the accounting quality”. That figure includes $3.6b in costs attributed to the first 9 months of 2019, and an additional $2.6b in Q4. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-30/general/boeing-estimates-737-max-crisis-will-cost-us-18.6b
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Boeing estimates 737 Max crisis will cost US$18.6b
Boeing now pegs the financial impact of the 737 Max grounding at US$18.6b, including estimated costs associated with concessions to customers and disruption to the now-halted production line. The company disclosed its latest estimates Wednesday, the same day it reported a full-year 2019 net loss of $636m, down from a net profit of $10.5b the year before. Boeing now anticipates concessions to 737 Max customers will cost it $8.3b, rising by $2.6b on the previous estimate of $5.6b. Additionally, the company now predicts it will incur $6.3b in additional “estimated costs to produce 737 aircraft included in the accounting quality”. That figure includes $3.6b in costs attributed to the first 9 months of 2019, and an additional $2.6b in Q4. <br/>
