American Airlines hit by Boeing Max jet grounding

American Airlines hit by Boeing Max jet grounding

American's hit from the MAX crisis came as the aviation industry watches for Boeing to clear several key hurdles with the US Federal Aviation Administration and other global regulators to allow the planes to resume service.

Parker said that after consulting with Boeing and the Federal Aviation Administration about their efforts to re-certify the 737 MAX fleet, he is confident that it is prudent for the airline to begin selling tickets for flights on those planes after August 19.

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The airliner said the 737 Max jets' return to its schedule will be based on safety assessments and government recommendations. Shortly after the Ethiopian Airlines crash on March, the Canadian airliner grounded its entire 737 Max fleet.

Southwest, which has more of the 737 Max planes than any other United States airline, said in its earnings report Thursday that the grounding and other "several unexpected events" - including the government shutdown - cost it $200 million in the first quarter.

"When the FAA recertifies the Max, we absolutely will fly the plane".

Chairman and Chief Executive Officer, Gary C. Kelly praised Southwest employees as the driving force behind the Company's continued success amid the MAX jet groundings. "That's our regulator", Parker said on a call with analysts and reporters. The program wrongly pushed the planes' slowdown predicated on faulty readings. President Robert Isom said the airline is working with the FAA and Boeing "to make the aircraft better and correct any deficiencies".

Revenue was slightly below analyst expectations at $10.58 billion compared with estimates of $10.59 billion.

Norwegian's earnings report comes days after Southwest reported it lost revenue of $200 million in its fiscal first quarter after canceling 10,000 flights due to the grounding of the Boeing plane, of which it operated 34.

The US carrier, which has canceled flights on the Boeing plane through August 19, said it now expects profits this year of $4.00 to $6.00 a share, down from the prior range of $5.50 to $7.50.

The largest airline in the USA by passengers carried said it now expected its 2019 adjusted profit to fall between $4 and $6 per share, down from a range of $5.50 to $7.50 per share.

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