FILE PHOTO: A number of grounded Southwest Airlines Boeing 737 MAX 8 aircraft are shown parked at Victorville Airport in Victorville, California, U.S., March 26, 2019. REUTERS/Mike Blake/File Photo
Boeing shares fell early Monday after major US airlines announced more flight cancellations because they expect the 737 MAX aircraft to be grounded for much longer after two deadly crashes.
Shares in the aerospace giant fell 1.4 percent to $360.23 at mid-morning in the first session since American Airlines announced Sunday that it was pushing back its target date to resume MAX flights by two months.
“American is extending cancellations for the MAX through Nov. 2,” the company said Sunday.
“By doing so, our customers and team members can more reliably plan their upcoming travel on American. In total, approximately 115 flights per day will be cancelled through Nov. 2.”
Boeing’s global fleet of 737 MAX planes has been grounded since mid-March following the second of two…
Source: Guardian Newspaper
