Aviation giant Boeing takes $1 billion hit due to ongoing uncertainty over 737 MAX crisis
A Boeing 737 MAX 8 airplane being built for Spain-based Air Europa rolls toward takeoff before a test flight, Wednesday, April 10, 2019, at Boeing Field in Seattle.
Company executives sketched out the steps they need to take to return the 737 MAX to service, but offered no timetable, and also stressed the need to win back the trust of consumers, focusing pilots as key to reassuring anxious customers. The company's share price climbed following the earnings report, reflecting relief that the financial damage from the 737 MAX crisis thus far was not worse.
The company in January projected higher earnings per share compared with last year, based on an expected revenue jump of as much as 10 percent.
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