BloombergBoeing Co plans to report a US$4.9 billion accounting charge with its second-quarter results next week, a sign of the widening financial toll from the company’s beleaguered 737 MAX jetliner. Since the March 10 crash of an Ethiopian Airlines 737 MAX 8 jet, Boeing has dropped 15 percent, the biggest decline on the Dow Jones Industrial Average. United Airlines Holdings Inc, American Airlines Group Inc and Southwest Airlines Co have removed the airplane from their schedules through early November. The fourth-quarter time frame also rebuts a Wall Street Journal report suggesting that initial flights would slip to next year. More than 500 of the aircraft are stored around the globe, including about 150 newly built models that Boeing cannot send to airlines while MAX flights are halted.

Source: Taipei Times July 19, 2019 15:56 UTC