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...

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