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Boeing’s third-quarter profit slashed by 737 Max grounding

Estimated cost tied to jetliner climbs to $9.2 billion to date

By Dominic Gates, The Seattle Times
Published: October 23, 2019, 4:34pm

SEATTLE — The 737 Max crisis slashed Boeing’s third-quarter profit in half compared with a year earlier, but the company absorbed the financial hit without any additional write-offs to cover the expenses of compensating customers and continuing to build 737 jets that it cannot deliver.

However, Boeing added $900 million to its estimated costs for producing the 737, due to the extended reduction in the production rate during the grounding.

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