American Airlines expects $350 million hit from Boeing 737 Max 8 grounding

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American Airlines says the grounding of all Boeing seven thirty-seven, max planes will likely cost to three hundred fifty million dollars over the course of this year. And here's an yellow Czeslaw reports the company still had record revenues though in the first three months of the year. Ceo Doug, Parker, says American Airlines had revenues of ten point six billion dollars. Despite the max, grounding and other challenges. American Airlines has twenty four max jets and has removed them from its schedule through mid August. That's resulted in about one hundred fifteen daily flight cancellations in the peak summer travel season. Parker says he expects higher oil prices will push up fuel costs by about six hundred fifty million dollars this year. Airlines rushed to order the seven thirty seven max because of its fuel efficiency. But now there's no clear date for when the plane will return to service after two crashes killed three hundred forty

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