American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an e...
- American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit the grounding of Boeing’s 737 MAX planes during its busiest travel season, but said it was confident that the jets would start flying again by mid-August.
While the cancellations only represent about 2 percent of American’s daily summer flight capacity, the financial impact is disproportionate as revenue during lost while the vast majority of costs remain in place. The U.S. Federal Aviation Administration is under scrutiny for its original certification of the airline and has said it will work with regulators worldwide to recertify the aircraft.
American reported first-quarter net income of $185 million, or 41 cents per share, compared with $159 million, or 34 cents per share, a year earlier.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
United CEO has 'no sense' of when Boeing's 737 Max jet will fly againUnited has grounded its 14 Boeing 737 Max jets through early July, along with other carriers like Southwest and American.
और पढो »
Boeing abandons financial outlook, sees $1 billion in extra cost on 737 MAXBoeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybac...
और पढो »
Southwest Airlines reports better-than-expected earnings, revenue despite 737 Max jet groundingThe carrier, which has 34 of the 737 Max jets, extended cancellations through Aug. 5. The Max comprises less than 5% of its fleet.
और पढो »
American Airlines expects to lose $350 million because of 737 Max groundingAmerican Airlines executives said Friday morning that they expect the continued ground of its Boeing 737 Max fleet to cost the company $350 million in 2019 income. The grounding as well as other factors cost the Southwest Airlines more than $200 million in revenue.
और पढो »
American Airlines to take $350 million hit from 737 MAX groundings, shares fallAmerican Airlines Group Inc cut its 2019 profit forecast on Friday, saying it ex...
और पढो »
Boeing abandons 2019 outlook after 737 MAX groundingsBoeing Co missed sharply-lowered Wall Street estimates for revenue and cashflow ...
और पढो »
Southwest Airlines first-quarter profit hit by 737 MAX groundingSouthwest Airlines Co reported a 16 percent drop in quarterly profit on Thursday...
और पढो »
Southwest Airlines grapples with financial fallout from Boeing 737 Max groundingThe grounding as well as other factors cost the airline more than $200 million in revenue.
और पढो »
Airlines may be underestimating the cost of the 737 MAX groundingsMany are cancelling flights this summer due to a lack of aircraft
और पढो »
Southwest Airlines first-quarter earnings take a hit from 737 Max groundings, government shutdownSouthwest beat on revenue, despite reporting a $200 million loss due to canceled 737 Max flights. CEO Gary Kelly joined SquawkStreet to discuss the company's latest earnings report.
और पढो »
Southwest Airlines says bookings strong even as 737 MAX groundedSouthwest Airlines Co forecast better-than-expected second-quarter revenue growt...
और पढो »