American Airlines Cuts 2019 Forecast On 737 MAX, High Oil Prices
Mohammad Ali (@ChaudhryMAli88) Published April 26, 2019 | 05:31 PM
American Airlines slashed its 2019 profit forecast Friday, citing a $350 million hit from the grounding of the Boeing 737 MAX and $650 million in higher fuel costs
New York, (APP - UrduPoint / Pakistan Point News - 26th Apr, 2019 ) :American Airlines slashed its 2019 profit forecast Friday, citing a $350 million hit from the grounding of the Boeing 737 MAX and $650 million in higher fuel costs.
The US carrier, which has canceled flights on the Boeing plane through August 19, said 2019 profits would be between $4.00 and $6.00 per share, down from the prior range of $5.50 and $7.50 per share.
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