Boeing may face billions more in losses as MAX crisis deepens

The crisis over the messages continued to consume Boeing on Monday, two days before the company reports quarterly financial results. Chief Executive Officer Dennis Muilenburg(pic) told all employees by email they should speak to managers if they have questions about their content.

Boeing Co may have to book billions of dollars in additional charges related to its parked 737 MAX jets, brokerages said on Monday, citing fresh uncertainty over the time frame for lifting a safety ban imposed after deadly crashes.

Credit Suisse and UBS downgraded the stock after Reuters on Friday reported that a series of internal messages from a former Boeing pilot described the plane's software as behaving erratically months before the jet entered service.