American says it cannot forecast cost of Boeing 737 Max grounding [MarketWatch]
American Airlines Group, Inc. (AAL)
Last american airlines group, inc. earnings: 4/30 07:30 am
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Source: MarketWatch
American Airlines 'cannot' forecast costs of grounding of 737 MAX aircraft because of uncertainties American Airlines Group Inc. AAL, -0.13% disclosed Monday that its expects the Federal Aviation Administration's grounding of Boeing Co.'s BA, +0.97% 737 MAX aircraft to continue to cause "significant disruption" to its customers and financial costs to the airline. The company said, however, that the financial costs of the disruption "cannot be forecasted at this time," as they will depend on a number of factors, including the period of time of the grounding and the circumstances related to the reintroduction of the aircraft. American said in a filing with the SEC that its fleet included 24 Boeing MAX 8 aircraft, with an additional 76 aircraft on order. Prior to the grounding, it had been operating on average about 90 flights a day involving the grounded aircraft, with flight cancellations announced through April 24, so far. American's stock slipped 0.1% in premarket trade. It has
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AAL
Earnings
- 4/25/24 - Miss
AAL
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- AAL's page on the SEC website