chicago-based boeing: Investors largely shrugged off the large loss, which the company flagged last week, but sent shares lower after Muilenburg's comments on production, to trade about 2 percent lower, according to The Japan Times. Chicago-based Boeing has been unable to deliver any 737 Max aircraft since the single-aisle plane was grounded worldwide in March after two fatal crashes in Indonesia Ethiopia and Indonesia killed 346 people in a span of five months. The world's largest plane-maker also reported a fresh delay on its 777X widebody program as engine problems pushed the first flight into 2020 and it warned of possible further delays. ; Chief Executive Dennis Muilenburg said on a conference call after reporting quarterly results that the company could consider further 737 production cuts as the Max crisis drags on. The total cost so far of the 737 Max crisis now exceeds 8 billion after Boeing disclosed a 4.9 billion charge last week that includes compensation the plane-maker will have to pay airlines for the delayed deliveries. Click here to view an interactive graphic tmsnrt.rs/2MaWqTt Boeing has embarked on a campaign to restore faith in its most popular jet and has pledged to remove any risk by reprogramming the software pinpointed as a common factor in both crashes as it faces pressure to convince Max operators and global regulators that the aircraft is safe to fly again. The second-quarter loss was Boeing's biggest ever, according to company records.
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