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American Airlines annual profit to take $540 million hit on MAX cancellations

Credit: REUTERS/CARLOS GARCIA RAWLINS

American Airlines Group Inc increased its full-year estimate for costs related to the Boeing 737 MAX grounding to $540 million on Thursday, sending its shares down about 2% before the bell.

Oct 24 (Reuters) - American Airlines Group Inc AAL.Oincreased its full-year estimate for costs related to the Boeing 737 MAX grounding to $540 million on Thursday, sending its shares down about 2% before the bell.

The U.S. airline had earlier said its 2019 pretax income would take a $400 million hit because of flight cancellations.

(Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)

((SanjanaSitara.Shivdas@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6749 1642; Twitter: @SanjanaShivdas;))

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