Analysts say the 737 Max crisis has intensified

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      On Monday, brokerages said Boeing (BA. N) may have to recognise billions of dollars as an additional cost related to the flight ban on the 737 Max aircraft, adding new uncertainty to the timing of lifting the ban.
Credit Suisse and UBS cut their views on Boeing's share price, ahead of a series of internal reports from a former Boeing pilot on Friday that the 737 Max's software had performed abnormally in the months before the aircraft began service.
The news has plunged Boeing's flagship narrow body aircraft into a new crisis, and the world's no fly order against the safety risks of the 737 Max aircraft has entered its eighth month.
Boeing's second quarter results recognized $5.6 billion in pre tax fees, and in July it estimated that the total cost of a max aircraft grounded would exceed $8 billion.
With two days to go before Boeing's quarterly results, the negative news continued to weigh on Monday. Dennis muilenburg, the company's chief executive, told all employees in an email that they should communicate with management if they have questions about the content.
Boeing shares closed down 3.76 percent at $331.06 on Monday. At one point, it fell 5.7 percent to $324.40, the largest percentage drop in the Dow Jones industrial average. Boeing's share price has fallen 18% since its second serious crash in March.


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