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Boeing Reports $3.4 Billion Loss for Second Quarter as 737 Max Costs Rise
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Boeing Reports $3.4 Billion Loss for Second Quarter as 737 Max Costs Rise

Boeing reported a $3.4 billion quarterly loss on Wednesday as costs related to its grounded 737 Max continued to rise.

The company said it recorded $15.8 billion in sales in the quarter, down 35 percent from the same time a year earlier, in large part because it has stopped delivering the Max.

Boeing also said it had taken orders for $474 billion worth of goods and services, including more than 5,500 commercial airplanes.

The figures reflected Boeing’s surprise announcement last week that it was taking a $5.6 billion charge related to the cost of compensating airlines that fly the Max, and that it was anticipating a further $1.7 billion in costs related to production slowdowns…

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