By Tracy Rucinski and Sanjana Shivdas
By Tracy Rucinski and Sanjana Shivdas
Oct 24 (Reuters) – American Airways Group AAL.O and Southwest Airways LUV.N posted quarterly revenue rises on Thursday whilst the 2 U.S. carriers pointed to rising influence from the continued grounding of Boeing 737 MAX.
Each corporations mentioned they remained in negotiations with Boeing Co BA.N over compensation for the 737 MAX grounding, now in its eighth month following two lethal crashes in Indonesia and Ethiopia that collectively killed 346 folks.
“We’re working to make sure that Boeing shareholders bear the price of Boeing’s failures, not American Airways’ shareholders,” American Chief Government Doug Parker mentioned on a convention name.
American shares rose 2% to $28.85 and Southwest shares have been up 4.7% at $55.72.
Each airways have been compelled to cancel greater than 100 each day flights into early subsequent yr as Boeing works on software program and coaching updates to win regulatory approval for the planes to…