Boeing puts cost of 737 MAX crisis at $1 bn

Boeing said Wednesday that its 737 MAX crisis had cost $1 billion in the first quarter as it withdrew its 2019 profit forecast on continued uncertainty about when the grounded jets will fly again after two deadly crashes. The US aerospace giant also cited spending on the software fix and related training, according to an earnings presentation released Wednesday that listed the $1 billion in 737 program costs. The results are the first since the company entered crisis mode with the March 10 crash of an Ethiopian Airlines jet, which along with an October Lion Air crash claimed 346 lives.
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