American Airlines sees $400 million pretax hit in 2019 from 737 MAX grounding

July 25, 2019 admin Business News Comments Off on American Airlines sees $400 million pretax hit in 2019 from 737 MAX grounding

American Airlines Group Inc said on Thursday it expected the Boeing 737 MAX grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

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Source:: Reuters – Business News