Changes Due To 737 MAX Grounding Will Cost Shareholders $8.74 Per Share
Boeing will recognize an impact to earnings when it releases second-quarter 2019 results on July 24. Boeing will record an after-tax charge of $4.9 billion1 ($8.74 per share) 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.
The British Airline Pilots Association (BALPA), which represents Ryanair pilots based in the UK, is announcing that it will be balloting its members for possible industrial action. BALPA has tabled a detailed pay and conditions claim to try and resolve many outstanding areas of concern for pilots on issues such as pensions; loss of license insurance; maternity benefits; allowances; and a fair, transparent, and consistent pay structure.
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