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Home / World / Boeing 737 max grounding enters eighth month, driving up airline costs

Boeing 737 max grounding enters eighth month, driving up airline costs



Grounded Boeing 737 MAX aircraft are being parked in an aerial photo at Boeing Field, Seattle, Washington, July 1, 2019.

Lindsey Wasson | Reuters

The worldwide grounding of the Boeing 737 Max, now in its eighth month, is moving up and down

Boeing executives have said they are aviation regulators to clear their best-selling plans to fly again in the fourth quarter, but the Federal Aviation Administration said It has no firm timeline for lifting the grounding.

That has forced them to return to their fleets. The added costs are their growth plans.

The impact is becoming more pronounced as the grounding continues longer than expected. Airlines not only access the 370 Max jets that were in the world at the time. The fuel-efficient plans are a key part of these airlines' growth strategies.

American Airlines on Wednesday said it has canceled its 9,475 flights in the third quarter because of its $ 1

40 million. It expects to cancel 140,000 flights in the fourth quarter and early January.

American reports earnings on Oct. 24. The airline has 24 of the 737 jetliners in its fleet at the time of its departure.

Airlines are canceling flights ahead of time

"That's a close-in fare that another passenger is not paying," said Credit Suisse airline analyst Jose Caiado.

Airlines are trying to reduce the number of aircraft they are carrying and limit disruptions.

Even if they have airlines, airlines need

Boeing took a $ 4.9 billion after-tax charge in the second quarter. It has developed software fixes for the 737 Max after crash investigators implicated in anti-stall system that misfired, in which they are continuing to crash in October 2011 and to Ethiopian Airlines 737 Max in March ⁠

American CEO Doug Parker said the carrier has had conversations with Boeing

"It's hard until we

On Friday, Boeing said his board stripped CEO Dennis Muilenburg of his role to be so focused on getting it the Max back to service.

The rising costs do not apply to airlines with max planes in their fleets. Delta Air Lines does not have any airlines hamstrung by the grounding. Ed Bastian said on an earnings call Thursday, "The second quarter as well as the third quarter, we certainly were a beneficiary of the MAX not operating." non-fuel costs, mainly in employee wages.

When the Max Returns, it may not be all good news for US carriers, whose stock is already underperforming the broader market.

That added capacity could drive down fares, said Credit Suisse's Caiado.


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