American Airlines cuts profit forecast as 737 MAX woes bite

American Airlines slashed its profit forecast Friday largely due to the crisis around the Boeing 737 MAX, a somewhat more profound hit to operations and customer bookings than at other carriers affected by the jet's grounding.

American expects $350 million hit from grounded Boeing plane

American Airlines expects to take a $1 billion hit from two things it didn't expect when 2019 started: That its newest Boeing jet would be grounded for months after two deadly crashes, and that oil prices would rise.

Uganda Airlines gets first planes in revival bid

The first two planes purchased in a bid to relaunch Uganda Airlines were delivered on Tuesday, nearly two decades after the East African country's national carrier collapsed.

Boeing seeks to exit crisis mode as it reports results

Under growing scrutiny from investors and regulators, embattled US aerospace giant Boeing will have a chance this week to reset the narrative as it aims to pivot from two deadly crashes that have grounded a top-selling plane.

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