Earnings

American Airlines cuts first-quarter revenue guidance on 737 Max troubles

Products You May Like

The prolonged grounding of Boeing’s 737 Max jets forced American Airlines on Tuesday to cut its revenue guidance for the first quarter.

The company reduced its total expected revenue per seat mile, a key industry measure of performance, to flat to up to 1% from its previous guidance of flat to up to 2%.

The airline’s fleet includes 24 of the 737 Max jets, which have been grounded following the March 10 crash of Ethiopian Airlines flight 302 over Addis Ababa. American cancelled 1,200 flights during the first quarter as a result of the grounding.

This story is developing. Please check back for updates.

Products You May Like

Articles You May Like

Kim Kardashian Buys Cindy Crawford’s Former Malibu Oceanside Home For $70.4 Million
Peloton adds $3,195 rowing machine to fitness equipment lineup
FTX in talks to raise up to $1 billion at valuation of about $32 billion, in-line with prior round
Some millennials and Gen Zers are closing investing accounts over inflation. Here’s why that may lead to regrets
Bond yields soar as markets weigh threat of a recession. What it means for your investments

Leave a Reply