American Airlines Extends Boeing 737 Max Flight Cancellations to September 3rd

American Airlines Group, Inc. (NASDAQ: AAL) announced it is extending flight cancellations involving the Boeing 737 Max jet through September 3. The Company, which has 24 737 Max jets in its fleet, said around 115 flights per day will be canceled.

“By extending the cancellations, our customers and team members can more reliably plan their upcoming travel on American,” the airline said. Customers whose flights weren’t even scheduled on the 737 Max are also at risk of having their trip disrupted as American Airlines shifts aircraft around to service other high-passenger routes. The Company said its goal is to “minimize the impact to the smallest number of customers.” Those who choose not to rebook a cancelled flight may request a refund.

The 737 Max has been grounded worldwide since mid-March following two deadly crashes in just five months. Boeing Co. (NYSE: BA) has since completed software changes and conducted test flights for the plane. The Federal Aviation Administration and its foreign counterparts, however, have not yet allowed the plane to return to service.

According to Reuters, Boeing said Sunday it is continuing “to work with global regulators to provide them the information they need to certify the Max update and related training and education material and safely return the fleet to service.”

Southwest Airlines Co. (NYSE: LUV) and United Airlines (NASDAQ: UAL) also have canceled flights into August because of the grounding of the 737 MAX. Of the four largest airlines in the United States, only Delta Air Lines, Inc. (NYSE: DAL) has zero Max jets in its fleet.

2 Comments
  1. Dillon Harper 2 months ago
    Reply

    $AAL. ready for the next move down??? Predictability says yes. would really have liked the SMA 200 again, so use smaller size, and be prepared to take a small loss if it holds the 9 and pushes up. No position here. Looking for the 200 test.

    • Melvin Rosario 2 months ago
      Reply

      $BA– HUGE INSIDER SELLING. BELOW 300 SOON

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