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American Airlines says Boeing 737 MAX grounding hit 2Q profits by $185 mn

By AFP

Added 10th July 2019 04:35 PM

American, which has 24 of the MAX planes in its portfolio, previously estimated that the grounding would hit 2019 earnings by $350 million.

Boeing 703x422

American, which has 24 of the MAX planes in its portfolio, previously estimated that the grounding would hit 2019 earnings by $350 million.

American Airlines said Wednesday the grounding of the Boeing 737 MAX reduced second-quarter earnings by $185 million even as the company raised a key revenue benchmark because of strong consumer demand.

American, which has 24 of the MAX planes in its portfolio, previously estimated that the grounding would hit 2019 earnings by $350 million. 

The carrier has extended its grounding to September 3 due to uncertainty over when the plane will be returned to service after two deadly crashes.
















   

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