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American Airlines Lowers First Quarter Sales Forecast of 737 Max



  American Airlines' Boeing 737 Max 8, flying from Miami to New York City arrives on March 12, 2019 at LaGuardia Airport, New York.

Shannon Stapleton | Reuters

American Airlines' Boeing 737 Max 8 landing on a Miami-New York City flight lands at LaGuardia Airport, New York on March 12, 2019.

The long-lasting grounding of Boeing's 737 Max jets was fueled by American Airlines on Tuesday to lower its first-quarter revenue guidance.

Margin estimates for input tax have now been assumed to be 2 to 4 percent lower than previously due to an increase in fuel prices.

During the first quarter, Americans repurchased 16.7 million shares for a total consideration of $ 600 million, indicating that fully diluted, weighted average first quarter equity was approximately $ 454 million. [1 9659006] Regarding the 737 primers and the resulting flight cancellations, American said it can not predict the future financial impact in future periods because it does not know how long the aircraft will land or when it will be operational again.

On Monday, Wall Street analysts downgraded shares of Boeing and Southwest Airlines. The move followed Boeing's announcement on late Friday that the production of the 737 Max-Jet should be reduced by 20 percent as it seeks to find a software fix to blow it up again.

The foundations are likely to have less impact on American and United than on Southwest, which has 34 Max Jets from its fleet of about 750 aircraft.

The 737 Max Jet's automated flight control system was associated with the crash of Lion Air Flight 610 in October and the March crash of Ethiopian Airlines Flight 302 totaled 346 people killed.


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