TUI Group Takes €293M Hit On MAX Grounding

TUI Boeing 737-800
Credit: Rob Finlayson
European tour operator TUI Group has confirmed it has taken a €293 million ($320 million) hit as a result of the Boeing 737 MAX grounding for its fiscal 2019, which ended Sept. 30. The group’s full-year earnings before interest, tax and amortization (EBITA) declined 21.8% to €893 million (previous...

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