New York (CNN Business) Boeing will take a roughly $5 billion hit this quarter because of the 737 Max crisis.

The company said Thursday that it will record a $4.9 billion after-tax charge in the second quarter "in connection with an estimate of potential concessions and other considerations to customers for disruptions related to the 737 Max grounding and associated delivery delays." The charge amounts to $8.47 a share.

Shares of Boeing rose about 2% in after-hours trading. The company reports second quarter earnings next week.

The reduction comes to about $5.6 billion in revenue and earnings before taxes. But that is only part of the cost of the crisis to the aircraft maker.

Boeing said its cost of building the plane increased by an estimated $1.7 billion, as it cut back on the pace of the production during the grounding. But that cost will be included in its operating results and not broken out as a special charge.

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