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July 19, 2019

Boeing takes $4.9B charge over jet

DALLAS (AP) — Boeing says it will take a $4.9 billion charge to cover possible compensation to airlines whose Max jets remain grounded after two deadly accidents.

Boeing said Thursday that the after-tax charge will cause a $5.6 billion reduction in revenue and pre-tax earnings for the April-through-June quarter. Boeing is scheduled to report financial results next week.


 
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