Boeing Co may have to book billions of dollars in additional charges, two broker...
) may have to book billions of dollars in additional charges, two brokerages said on Monday, following latest developments around the planemaker’s grounded 737 MAX jet that calls into question the timing of the aircraft’s return to service.
The new revelations pose fresh challenges for Boeing, which is reeling under pressure after two fatal crashes forced the company to ground the planes and book billions of dollars in losses. “We see increasing risk that the Federal Aviation Administration won’t follow through with a certification flight in November and lift the emergency grounding order in December,” UBS analyst Myles Walton said, downgrading the stock to “neutral” from “buy”.
The company on Sunday expressed regret over the messages, and said it was still investigating what they meant.
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