Financial Cost Of Boeing Groundings Rises As TUI Weighs In

Credit: Wochit Business
Published on March 29, 2019 - Duration: 00:39s

Financial Cost Of Boeing Groundings Rises As TUI Weighs In

According to Reuters, Anglo-German tour operator TUI is the latest Boeing 737 MAX operator to warn of a hit to its bottom line following a global grounding of the aircraft model.

TUI said it anticipates the planes will remain grounded until at least the middle of July, costing the company nearly $224 million in core profit.

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