- $4 employee parking lot is packed with grounded 737 Max jets, $4.
- Boeing has lost more than $1 billion throughout the 737 Max debacle, according to the company's $4.
- And storing those planes is yet another hit to the embattled plane-maker's bottom line. It costs some $2,000 a month, $4.
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Boeing has struggled to manage its supply of 737 Max jets months after the fallout from two fatal crashes involving the planes in late 2018 and early 2019.
And now, Boeing has had to crowd its employee parking lots with some undelivered planes, $4.
"We are using resources across the Boeing enterprise during the pause in 737 MAX deliveries, including our facilities in Puget Sound, Boeing San Antonio and at Moses Lake," Boeing spokesperson Paul Bergman told Business Insider. "This is part of our inventory management plan."
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Faulty software on the Boeing 737 Max has led to two fatal crashes, which killed 346 people between October and March. The 737 Max was grounded worldwide after the March crash, leading Boeing to $4.
The embattled plane-maker is also shelling out quite a bit of money just to store those undelivered airplanes. $4 that Boeing is spending some $2,000 a month to park each of them.
$4 that Boeing's inventory costs will surge to $12 billion by September.
"They can't keep building and parking planes indefinitely," Ferguson $4. "We don't think it will get to that, but it's going to take a lot of cash to park those in the desert."
Get the latest Boeing stock price $4