Boeing swings to annual loss as 737 MAX costs climb to $19 billion
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(Reuters) - Boeing Co expects nearly $19 billion in costs related to the grounding of its 737 MAX jets, the U.S. planemaker said on Wednesday as it swung to its first annual loss since 1997 and indicated it would again cut production of its bigger 787 Dreamliner aircraft.The Dreamliner widebody is the main source of cash for Boeing as it battles the global grounding of the smaller 737 MAX following two crashes that killed 346 people.The MAX grounding forced the planemaker to freeze production..