Boeing: heavy quarterly loss after 737 MAX crash

(CercleFinance.com) - Badly hit by the consequences of the recent 737 Max crash, for which the group recently announced heavy charges, Boeing has reported a net loss of 5.
82 dollars per share for the second quarter of 2019, against adjusted EPS of 3.33 dollars a year ago.

The planemaker's revenues fell 35% to 15.8 billion dollars, reflecting exceptional charges and fewer deliveries of 737 aircraft deliveries, albeit somewhat offset by higher volumes in defence and services.

Its order book amounts to 474 billion dollars, down slightly decreasing over three months. As Boeing's previous targets do not incorporate the impact of the 737 Max crash, it will submit new targets at a later date.

Copyright (c) 2019 CercleFinance.com. All rights reserved.