Boeing's Bill Boeing faced a nearly $5 billion bill in the second quarter as the fall-out from the groundings of the 737 Max continues, the company said. Boeing said the after-tax charge was related to “potential concessions and other considerations” from the groundings, which followed two separate fatal accidents. The cost estimate did not include any potential litigation. CNN
Boeing's Earnings Sink Boeing has taken an unsurprising hit to its earnings over the 737 Max in the second quarter: a $3.4 billion loss, to be precise. But there are other things you need to know, too, from the (vague) timeline for bringing the 737 Max back into skies, to Boeing's cash flow problem, to why analysts think the planemaker can weather the storm. Fortune
Boeing Fallout Norwegian Air is axing its Ireland-U.S. routes and is blaming the grounding of Boeing's 737 Max. The airline's long-haul chief, Matthew Wood: "Since March, we have tirelessly sought to minimize the impact on our customers by hiring replacement aircraft to operate services between Ireland and North America. However, as the return to service date for the 737 Max remains uncertain, this solution is unsustainable." BBC
Boeing Delay Yet more bad news for Boeing and its customers: the embattled planemaker has had to delay the rollout of a very-long-range version of its upcoming 777X widebody, due to engine issues. Australia's Qantas had been hoping to use the 777-8 to launch the world's longest commercial flight in 2023. Now there might be an opening for Airbus instead. Reuters
Airbus Tariffs Reuters is reporting that the WTO has approved a U.S. request to levy tariffs on European goods, in the context of the Airbus subsidies case. The news has hit the shares of the European plane-building consortium and other exporters. The EU has also won a partial victory over Boeing subsidies in the U.S., but as a matter of timing the U.S. gets to impose tariffs first. Reuters
Boeing Engineering Boeing is reportedly set to revamp its engineering department as a result of the two fatal 737 Max crashes. According to the Wall Street Journal, top engineers would report to the chief engineer rather than airplane program managers. WSJ
737 Max The Indonesian government's first formal finding on the crash of a Lion Air flight almost a year ago will reportedly place blame on Boeing design flaws and U.S. oversight lapses, as well as pilot errors and maintenance mistakes. Wall Street Journal
Boeing Scrutiny U.S. lawmakers probing Boeing and its 737 Max crisis have found a three-year-old internal company survey that showed around a third of employees felt "potential undue pressure" from above regarding safety-related approvals. So the lawmakers are stepping up their scrutiny of management. Wall Street Journal
Boeing Flaws Indonesian investigators' final report into last year's Lion Air 737 Max crash points fingers at flaws in the design and certification of Boeing's new flight-control system, as well as the airline's pilots and maintenance work, plus a Florida part supplier. The report details the flight's last minutes, in which the crew battled to regain control over the plane's nose-down movements. Seattle Times
Boeing Cracks Boeing's 737 nightmare continues: this time it's the 737NG (the predecessor to the troubled 737 Max), one of which has been grounded by Australian flag carrier Qantas due to a worrisome crack in its "pickle fork." Boeing had already warned that the part, which helps connect the wing and fuselage, might be prone to cracking. Australia's aircraft engineers association has now called on Qantas to ground all 33 of its 737NG planes. Reuters reports that Boeing has now grounded 50 of the aircraft around the world. Guardian