Boeing has suffered a massive financial loss since the aerospace giant’s 737 MAX jet was grounded, and the costs are still piling up.
Aerospace giant Boeing has suffered a huge financial loss since its flagship 737 MAX jet was grounded.
The company reported a second-quarter loss of $US2.9 billion ($AU4.1 billion) on Wednesday, making it clear that the grounding of the jet following two deadly crashes that killed 346 people continues to weigh on the company.
The loss was the biggest ever in a single quarter for the company, which also pushed back the time frame for first flights of the 777X, a new long-haul plane under development.
“This is a defining moment for Boeing,” CEO Dennis Muilenburg said in a company press release.
Mr Muilenburg added the company was determined to safely return the grounded jet to full service.