American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing’s 737 MAX planes, but said it was confident that the jets would start flying again before mid-August.
American, with 24 of the 737 MAX jetliners that were grounded worldwide in March following two fatal crashes on other airlines, has removed the aircraft from its fleet until Aug. 19, leading to about 115 daily cancellations.
