Boeing reported its biggest loss ever on Wednesday as the 737 MAX crisis drags on, and the company warned it could be forced to temporarily halt production of the plane if the grounding is extended much longer.
The aviation giant’s troubles have been mounting since the MAX was taken out of service worldwide in March following two deadly crashes that claimed 346 lives, and it already set aside nearly $5 billion to compensate customers.
But the warning it might have to suspend production of the aircraft jolted Wall Street, prompting losses to accelerate during a late-morning conference call with Boeing executives that reinforced the cloudiness surrounding the outlook.
