{"id":271811,"date":"2019-04-29T06:10:20","date_gmt":"2019-04-29T06:10:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=271811"},"modified":"2019-04-29T06:32:54","modified_gmt":"2019-04-29T06:32:54","slug":"american-airlines-cuts-outlook-on-737-max-sees-jet-flying-by-mid-august","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/american-airlines-cuts-outlook-on-737-max-sees-jet-flying-by-mid-august\/","title":{"rendered":"American Airlines cuts outlook on 737 MAX, sees jet flying by mid-August"},"content":{"rendered":"<p>American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing&#8217;s 737 MAX planes during its busiest travel season, but said it was confident the aircraft would start flying by mid-August. <\/p>\n<p>American, the No. 1 US carrier by passenger traffic, said earlier in April that it was extending the grounding of its twenty-four 737 MAX jetliners until Aug. 19, leading to about 115 daily cancellations during the peak summer travel season. <\/p>\n<p>No. 3 US carrier United Airlines also said it expects to cancel hundreds of flights during the peak summer season due to the groundings. <\/p>\n<p>While the cancellations only represent about 2 percent of American&#8217;s daily summer flight capacity, the financial impact is disproportionate as revenue during lost while the vast majority of costs remain in place.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>American Airlines Group Inc cut its 2019 profit forecast on Friday, blaming an estimated $350 million hit from the grounding of Boeing&#8217;s 737 MAX planes during its busiest travel season, but said it was confident the aircraft would start flying by mid-August. American, the No. 1 US carrier by passenger traffic, said earlier in April that it was extending the grounding of its twenty-four 737 MAX jetliners until Aug. 19, leading to about 115 daily cancellations during the peak summer travel season. No. 3 US carrier United Airlines also said it expects to cancel hundreds of flights during the peak [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-271811","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=271811"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/271811\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=271811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=271811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=271811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}