Boeing Suspends Earnings Forecast on Grounding of 737 Max
- Results hit by $1 billion in extra production cost on new 737
- Share repurchases ceased in mid-March amid crisis from crash
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“How did this happen?”
That simple question, posed by analyst Ron Epstein during Boeing Co.’s earnings call Wednesday, lies at the heart of a crisis of confidence in the planemaker after two fatal crashes of its 737 Max jetliners in five months.