Boeing reported a nearly $3 billion (Dh11.01bn) second-quarter loss on Wednesday as the world's largest plane maker struggles with the prolonged grounding of its best-selling 737 Max jet.
The company has cut production of its flagship single-aisle aircraft and it booked a charge of nearly $5bn in the quarter after the worldwide grounding following fatal crashes in Ethiopia and Indonesia.
The charge, disclosed by Boeing last week, includes compensation the plane maker will have to pay airlines for the delayed deliveries.
Boeing said it would issue a new 2019 outlook at a future date, as the current forecast, which was suspended in April following two deadly crashes involving the Max, does not reflect the recent charges.
Chicago-based Boeing has embarked on a campaign to restore faith in its most popular jet and pledged to remove any risk by reprogramming the software pinpointed in both crashes as it faces pressure to convince Max operators and global regulators that the aircraft is safe to fly again.
"This is a defining moment for Boeing and we remain focused on our enduring values of safety, quality, and integrity in all that we do, as we work to safely return the 737 MAX to service," Boeing chief executive Dennis Muilenburg said on Wednesday.
Boeing also said its first flight of its new 777X wide-body jet is now delayed until early 2020, due to problems with the General Electric engine.
The 777X first test flight was expected as soon as late June.
Boeing's net loss for the quarter ended June 30 was $2.94bn, compared with a profit of $2.2bn, a year earlier.
Sales slipped 35 per cent to $15.75bn and also came in below the average expectation of $18.55bn, according to IBES data from Refinitiv.
