TUI Group lowers FY2019 guidance on 737 MAX 8 grounding costs

Credit: Kurt Hofmann
Hanover, Germany-based TUI Group expects the Boeing 737 MAX 8 grounding will cost the company €200 million ($225 million) if flights can be resumed by mid-July at the latest. As a result, TUI has lowered the company’s FY2019 guidance 17%, down from the €1.2 billion achieved in 2018. However, TUI...

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