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Boeing estimates cost of 737 MAX troubles at $1B

Boeing 737
Boeing’s first 737 MAX jet makes its way through the production line in 2015. (Boeing Photo)

Boeing’s first-quarter financial stats took a serious hit in the wake of two fatal crashes involving its bestselling plane, the 737 MAX. The company estimated the additional costs associated with grounding the 737 MAX fleet at $1 billion, but more uncertainty lies ahead. Boeing executives held off on providing updated financial guidance until the impact of the 737 MAX issue becomes clearer.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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