Headline Details

UPDATE 3-American Airlines to take $350 mln hit from 737 MAX groundings, shares fall

Published on: Fri, 26 Apr 2019 12:55:34 UTC
News Agency: Reuters
Description:
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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