Airline chiefs grow frustrated as 737 Max grounding costs near $1 billion
Publishing timestamp: 2019-10-24 18:45:11
Summary
Airlines are frustrated with the ongoing grounding of Boeing 737 Max planes after two fatal crashes. Southwest Airlines has lost millions in revenue and is uncertain about the timeline for the planes to return to service. American Airlines also reported a significant reduction in pretax income due to the grounding. Boeing is still working on software fixes for the planes, but regulators have not yet approved the changes.
Sentiment: NEGATIVE
Keywords: aerospace and defense industry, business news, breaking news: business, business, transportation, life, travel, federal aviation administration, american airlines group inc, southwest airlines co, earnings,