TUI Puts 737 MAX Grounding Costs At $225M

Credit: Rob Finlayson
Hanover, Germany-based TUI Group expects the Boeing 737 MAX 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 fiscal 2019 guidance 17%, down from the €1.2 billion achieved in 2018.However, TUI...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.