WASHINGTON—The grounding of its 24 Boeing 737 MAXs cost American Airlines $185 million in pre-tax second quarter (Q2) income and dented its growth and unit-cost projections, the airline said July 10. Despite the hit, the Fort Worth-based airline’s Q2 results are shaping up to be respectable. American’s revised second-quarter outlook includes a 1.1 billion reduction in total available seat miles—2.5% lower than forecast before the groundings, and a 1% decline overall ...

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