New Report Puts Impact Of Boeing 737 MAX Grounding at $4.1 Billion
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August 12, 2019 - by Ted Reed for forbes.com
A new report puts the global airline industry's full-year 2019 lost revenue due to the Boeing 737 MAX grounding at about $4.1 billion, including $600 million for three U.S. airlines that fly the aircraft.
The report by Lufton, England flight data information firm OAG says that China Southern, Air Canada, Southwest, Turkish Airlines and American are the top five airlines in terms of lost seats due to the grounding.
It calculates lost revenue at $370 million for China Southern, $300 million for Air Canada, $290 million for Southwest, $270 million for Turkish Airlines and $220 million for American.
The report's methodology is to calculate the difference between individual airlines' planned 737 MAX capacity and the actual capacity. It found that nearly 41 million seats have been lost...
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