Skip to main content

Boeing posts massive second-quarter loss after 737 Max grounding

Air
James Chapple
24 July 2019

Boeing has posted a massive second-quarter (Q2) loss following the grounding of its 737 Max aircraft.

The 737 Max has been grounded for nearly two years

Boeing's 737 Max has been beset by a series of setbacks since its launch in 2016

The aircraft manufacturer’s accounts have swung more than $5 billion in the 12 months to 30 June from a $2.2 billion net profit to a $2.94 billion net loss, while revenues are down $8.5 billion from $24.3 billion to $15.8 billion.


The Max was grounded in March following a second fatal crash in just five months, claiming 346 lives in total.


Dozens of airlines have been forced to adjust their schedules or put their expansion plans on hold as a result of the tragedies, pending a software fix from Boeing.