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Boeing's profit falls 21% on the 737 Max crisis

Boeing's profit falls 21% on the 737 Max crisis
Posted at 5:42 AM, Apr 24, 2019
and last updated 2019-04-24 07:42:09-04

Boeing's earnings fell 21% in the first three months of the year because of the crisis that grounded its bestselling 737 Max jet.

The aircraft maker reported both lower revenue and profits compared to a year ago. Before the fatal flight that grounded the jet and halted deliveries, it had been expected to report improved results in the quarter.