American, Southwest vow to make Boeing pay for costly 737 MAX grounding
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October 25, 2019 - by Dawn Gilbertson for usatoday.com
The financial hit from the prolonged grounding of the Boeing 737 Max continues to mount for airlines, and the CEOs who run them are toughening their talk about making Boeing pay for the damage.
American Airlines on Thursday said it has lost an estimated $700 million in revenue from nearly 30,000 flight cancellations forced by the grounding.
The best- selling Boeing plane, the latest version of its workhorse 737, was grounded worldwide in March after two fatal crashes in less than five months killed 346 people.
American had 24 Max 8s in its fleet at the time of the grounding and had more scheduled to be delivered throughout the year. Without the planes, it has had to cut planned flights. There were 9,475 from July-September alone. The airline has pulled the 737 Max out of its schedule through mid-January.
American reported a $425 million quarterly profit but CEO Doug Parker said the results "should have been even better'' were it not for the Max impact...
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