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.

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