American 1Q net profit down 23%; MAX grounding to cost $350 million

Credit: Getty Images/Joe Raedle
American Airlines reported a 2019 first-quarter net profit of $237 million, down 23%. Strong passenger demand drove a 1.8% year-over-year increase 1Q total revenue, to a first-quarter record $10.6 billion. The Boeing 737 MAX grounding is projected to cost Dallas/Fort Worth-based American about $350...

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