American Airlines again pushed back when it expects the Boeing 737 Max to return until June, as airlines brace for more disruptions during the high-demand season as the grounding lasts longer than expected.
also doesn't expect the Max to return until early June — a sign carriers, which have already lost more than $1 billion in revenue from the grounding, are expecting the problem to extend to the peak second- and third-quarter travel seasons.
It has becoming increasingly less clear when the planes will be able to fly again. Boeing is planning to temporarily shut down production of the planes this month as it works to win over regulators on fixes prompted by the two crashes. Last week, Boeing about-faced on simulator training, saying pilots should undergo that time-consuming preparation before the planes return to commercial service.
and airlines into accepting the jets without requiring pilots to undergo the additional training. That change promises to add to Boeing's costs and possible revenue losses for airlines. American estimates the grounding cost it $540 million in pretax income last year. Last week, the Fort Worth, Texas-based airline said it reached anwith Boeing. It didn't disclose the terms but said it would share $30 million with its employees. Pilots said they would seek additional compensation for lost income after the carrier had to slash its growth plans for the year.
Boeing took a $4.9 billion charge last July to compensate its 737 Max customers. As the grounding drags on, that amount may rise and the company is set to update investors on that cost later this month.
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