The 737 Max crisis has already cost Boeing $1 billion — and the company said it can't predict how much worse it might get

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Boeing CEO Dennis Muilenberg vowed that the 737 Max 'will be one of the safest airplanes ever to fly' when it returns to the sky.

Boeing has lost $1 billion this year over the ongoing crisis with its 737 Max aircraft.

Boeing has reported no new orders for the aircraft and has cut production since it was grounded, but has vowed to make the plane"one of the safest airplanes ever to fly" when it is certified to fly again.Boeing's ongoing crisis with its 737 Max planes has already cost it $1 billion this year — and the company said it can't predict how much worse the financial impacts of the scandal could be.

Boeing said that its core profits fell 21% in the first three months of 2019 compared with the same period in 2018, and said that it was withdrawing its 2019 financial forecast because of increased uncertainty about the plane.

 

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