United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Boeing may face billions more losses - analysts

Video Credit: Reuters Studio - Duration: 01:38s - Published < > Embed
Boeing may face billions more losses - analysts

Boeing may face billions more losses - analysts

Boeing may have to book billions of dollars in additional charges, two brokerages said on Monday, following latest developments around the planemaker's grounded 737 MAX jet.

David Pollard reports.

0
shares
ShareTweetSavePostSend
 

Boeing may face billions more losses - analysts

The pressure on Boeing went up one more notch on Monday ... After brokerages warned it may face billions more in losses.

A year on from the crash of a Lion Air 737 Max - which killed 189 people .... And after a second crash in Ethiopia in March killed 157 ... The planemaker could record $3.2 billion in charges on top of a $5.6 billion charge taken so far, According to an analyst at Credit Suisse.

Earlier this month, Boeing CEO Dennis Muilenburg said he hoped the 737 Max itself - grounded around the world - would return to service this quarter.

But a UBS analyst also warned it may face further delays.

Both brokerages downgraded Boeing stock.

On Friday, - and adding to sharp losses since the March crash - it lost 7 per cent following reports of internal messages at Boeing... Stating that the anti-stall system at the centre of crash investigations was behaving erratically during testing - even before the aircraft entered service.

Boeing expressed its regret over the messages, and said it was investigating what they meant.

Monday also heard a crash investigator in Indonesia say relatives of victims there would receive a final report into the crash this week.

Last month, Ethiopian Airlines families held an emotional vigil outside the Department of Transportation in Washington to mourn their relatives.

Boeing is facing roughly 100 lawsuits linked to that crash.




You Might Like


Tweets about this


Recent related videos from verified sources

Midday Wrap: Caterpillar Pares Losses, Boeing Rises on 737 MAX News [Video]Midday Wrap: Caterpillar Pares Losses, Boeing Rises on 737 MAX News

Boeing Co. shares jumped the most in more than two months after it posted weaker-than-expected third quarter earnings Wednesday, but said it still expects the troubled 737 MAX aircraft to receive..

Credit: The Street     Duration: 01:28Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.