CHICAGO – Boeing Co. plans to record a $4.9 billion accounting charge related to its beleaguered 737 Max jetliner when the company reports quarterly earnings next week.
The after-tax charge, equivalent to $8.74 a share, covers potential concessions and considerations for airline customers who have been forced to cancel thousands of flights and line up replacement aircraft since the Max was grounded in March, the company said in a statement Thursday. The costs will clip $5.6 billion from revenue and pretax earnings in the quarter.
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