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Boeing will earn $ 4.9 billion in the second quarter from 737 Max



Workers stand near Boeing 737 MAX aircraft while parked on May 31, 2019 in Seattle, Washington, in a Boeing facility adjacent to King County International Airport, known as Boeing Field.

David Ryder | Getty Images

Boeing announced Thursday that $ 4.9 billion will be charged for the second quarter as the 737 Max aircraft crashed worldwide following two fatal accidents, killing 346 people are.

The fee amounts to $ 8.74, is set to eliminate gains. Analysts expect the company to earn earnings per share of $ 1

.80 in the second quarter. This is evident from average estimates of refinish. The levy would cut revenue and earnings before taxes by $ 5.6 billion in the quarter, Boeing said.

The 737 Max Jets have been down since mid-March and regulators have not announced when they expect a return flight of aircraft.

Boeing shares rose 2% in postmarket trading after the manufacturer announced the charge.

The Chicago-based manufacturer said the fee was an estimate of concessions for Max customers who did not have fuel-efficient aircraft during peak summer travel and much of fall without end in sight of grounding. It is expected to compensate customers for several years, but book the entire fee in the second quarter.

The regulators have grounded the 737 Max fleets after the second of two fatal accidents within five months. Investigators of the crashes – a Lion Air flight in Indonesia in October and an Ethiopian Airlines flight in March – introduced an automated stall prevention feature for the jetliners. Boeing has developed a fix for the software, but it has not been approved by the regulators yet.

Boeing expects the planes to return to service early in the fourth quarter of this year, but warned that this could be possible later, a challenge for carriers during Thanksgiving and Christmas travel.

The crisis caused Boeing to lower the protection afforded by the max jets by almost one-fifth to forty-two a month, and to interrupt the deliveries of aircraft moving into warehouses and even a staff parking lot. Boeing said its results would require an increase in production to 57 per month in 2020.

Airlines, including Southwest, American and United, have canceled thousands of flights and the return of aircraft to their schedules repeated with little guidance at the time of the aircraft could fly back to heaven.

Boeing is expected to report full second quarter results and call analysts on Wednesday.


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