American Airlines trims outlook citing 737 Max groundings, but sees planes flying again by mid-August


American Airlines reported its first quarter earnings Friday before the market open as the industry copes with the ongoing grounding of Boeing’s 737 Max jets.

completed 96 flights totaling over 159 hours of air time with the new Max software fix.

Southwest on Thursday reported that the Max groundings, as well as the U.S. government shutdown and some maintenance issues, collectively cost the airline more than $200 million in revenue.

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