July 19 (UPI) -- The four-month grounding of Boeing's 737 Max fleet has put a near-$5 billion dent in the aviation giant's second quarter earnings, the company said.
Boeing said Thursday it has taken a $4.9 billion after-tax accounting charge, which contributed to an overall revenue loss of $3.6 billion. Boeing said the charge will cut its quarterly revenue and pretax profits by $5.6 billion. The company will release its official earnings report next week.