American Airlines to take $350 million hit from 737 MAX groundings, shares fall

April 26, 2019 admin Business News Comments Off on American Airlines to take $350 million hit from 737 MAX groundings, shares fall

American Airlines Group Inc cut its 2019 profit forecast on Friday, saying it expected to take a $350 million hit from the grounding of Boeing’s 737 MAX planes, a situation that cuts revenue while many costs remain in place.

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Source:: Reuters – Business News