Grounding the Boeing 737 Max will cost Europe's biggest tour company at least $225 million
Europe's largest tour company said Friday that its 2019 earnings would be reduced by €200 million , assuming flights of the best-selling aircraft resume by mid-July.Shares in TUI plummeted 8% in Frankfurt following the announcement. The company operates 15 of the grounded Boeing aircraft, which make up 10% of its total fleet, and it was expecting another eight of the jets to be delivered by the end of May.
Read MoreThe profit warning is the latest example of the mounting financial cost to Boeing's customers of the decision to ground all 737 Max planes following two deadly crashes in five months.Southwest Airlines warned earlier this week that the 737 Max groundings are hurting its ticket sales. The carrier said the number of seats it can sell this quarter will be much lower than previously expected because it isn't flying as many planes.
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American Airlines 'cannot' forecast costs of grounding of 737 MAX aircraft because of uncertaintiesAmerican Airlines Group Inc. disclosed Monday that its expects the Federal Aviation Administration's grounding of Boeing Co.'s 737 MAX aircraft to continue...
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Southwest says 737 Max grounding is cutting into its profit marginSouthwest Airlines says the recent groundings of Boeing 737 Max planes would lead to its first-quarter revenue per available seat mile coming in below its previous forecast.
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Southwest Airlines cuts its forecast after the grounding of Boeing's 737 MaxSouthwest Airlines on Wednesday cut its forecast for first-quarter capacity, citing the grounding of the Boeing 737 Max and other issues.
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Southwest Airlines says Boeing's 737 Max grounding are hurting salesCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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TUI warns on profit after 737 MAX grounding, shares plungeTUI warned its profit would fall by at least 200 million euros ($225 million) th...
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American Airlines is canceling 90 flights a day because of 737 Max groundingAmerican Airlines says it's canceling about 90 flights a day because of the grounding of Boeing's 737 Max jets
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Boeing plans update to flight control software system on 737 Max planesBoeing plans an update to the flight control software system for its troubled 737 Max planes that will prevent it from activating if there is too large a disparity of data coming from aircraft sensors, the company said Wednesday.
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Indonesian airline Garuda is canceling its $6 billion order for 49 Boeing 737 Max jetsBoeing 737 Max planes have been grounded by authorities after two recent fatal crashes.
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Ethiopian Airlines Boss Says Stall-Prevention System Likely Activated on Crashed 737 MAXEthiopian Airlines’ chief executive said a stall-prevention system on Boeing’s 737 MAX appears to have been activated on a jet that crashed earlier this month.
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