American Trims Quarterly Revenue Forecast on Grounded Jets, Total Cost Unknown

American Trims Quarterly Revenue Forecast on Grounded Jets, Total Cost Unknown
An American Airlines jet takes off from an airport in a file photograph from Aug. 9, 2017. Joshua Roberts/Reuters
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American Airlines Group Inc. on April 9 trimmed its first-quarter revenue forecast after canceling more than 2,000 flights due to the global grounding of Boeing 737 MAX jets and problems with overhead bins in cabins of another Boeing jet that the airline was retrofitting.

American said it was too early to project the total cost of the suspended operations of the 737 MAX in the wake of two deadly crashes. The No. 1 U.S. carrier owns 24 of the brand-new Boeing Co aircraft whose use was suspended around the world in March.