Boeing’s revenue slumps 2% as company works through ‘challenging time’

The recent grounding of Boeing’s 737 MAX fleet, following two deadly crashes in less than six months, looks to be the main catalyst in the aviation giant posting a profit slump of 2% in its first quarter 2019 results. Boeing reported revenue of $22.9 billion, down from $23.3 billion in the corresponding period last year. Dennis Muilenburg, Boeing’s chief executive, said in a statement that the company was working through a “challenging time.” “Across the company, we are focused on safety, returning the 737 Max to service, and earning and re-earning the trust and confidence of customers, regulators and the