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Boeing to see $5.6 billion hit on 737 Max groundings

Claudia Assis
Boeing to see $5.6 billion hit on 737 Max groundings

Boeing Co. said late Thursday it will record an after-tax charge of $4.9 billion, or $8.74 a share, in the second quarter in connection with the 737 Max groundings. That will result in a $5.6 billion dent in revenue and pre-tax earnings in the quarter, the company says.