Boeing set for $4.9 billion charges over 737 Max

Boeing is set to record an after-tax charge of $4.9 billion in its second financial quarter with most of the money being used to compensate Boeing’s customers for schedule disruptions and delays in aircraft deliveries relating to its 737 Max. The charge, which will result in a $5.6 billion reduction of revenue and pre-tax earnings in the quarter, will wipe out any earnings that the company has made. Boeing has said that it will continue to work with civil aviation authorities to ensure the 737 Max’s safe return to service, and these authorities will determine the timing of return to