Boeing said yesterday (18 July) grounding of the 737 Max will cost the manufacturer $4.9 billion after tax while it expects the aircraft to be back in service in the fourth quarter.

The US aircraft manufacturer said it will recognise the impact to earnings when it releases second-quarter (Q2) 2019 results on 24 July.

The cost us in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 Max grounding and associated delivery delays. This charge will result in a $5.6 billion reduction of revenue and pre-tax earnings in the quarter.