American Airlines annual profit to take $400 million hit thanks to the grounded Boeing 737 Max

American Airlines on Thursday increased its expected financial losses from the grounded Boeing 737 Max.

The Dallas-based carrier now expected to lose $400 million thanks ot the embattled plane.

Shares of AAL sank more than 3% in early trading following the news. Follow the stock in real-time here.

American Airlines said on Thursday it expected the Boeing 737 Max grounding to hit its 2019 pretax earnings by about $400 million, sending shares down about 1%, even as a strong passenger demand lifted quarterly revenues.

Rising bookings have fueled revenue growth for the main U.S. carriers, partially because they have been able to charge passengers more for seats that are in scarcer supply following the worldwide Max grounding in March after two fatal crashes.

But the lower than planned capacity is also weighing on costs.

American, the second largest U.S. operator of the Max, has removed its 24 jets from its schedule through early November, leading to about 115 daily cancellations.

To compensate for its reduced fleet and the absence of fresh Max deliveries, the airline will extend the lifespan of other 737 models as well as some 757s and A320s to help it meet demand.

The No.1 U.S. airline by passenger traffic lifted the lower end of its 2019 adjusted profit forecast to between $4.50 per share and $6 per share, up from a previous range of $4.00 per share to $6.00 per share.

Net income rose 19% to $662 million, or $1.49 per share, in the second quarter ended June 30 from a year earlier.

On an adjusted basis, the airline earned $1.82 per share. Analysts had on average forecast $1.80 per share, according to Refinitiv data.

Total operating revenue rose 3% to $11.96 billion.

美国航空公司周四增加了波音737 Max的预期财务损失。这家位于达拉斯的航空公司现在预计将因陷入困境的飞机而损失4亿美元。在此消息传出后，AAL股价早盘下挫3％以上。在这里实时跟踪股票。 美国航空公司周四表示，预计波音737 Max接地将达到2019年税前收益约4亿美元，股价下跌约1％，即使强劲的乘客需求提高了季度收入。加剧了美国主要航空公司的收入增长，部分原因是因为在两次致命撞车事故后，3月全球Max接地后，他们已经能够为乘客提供更多供应更少的座位。美国第一大客运量航空公司提升其2019年的低端产品调整后的利润每股收益在4.50美元至每股6美元之间，从之前的每股4.00美元上调至每股6.00美元。截至6月30日的第二季度净收入增长19％至6.62亿美元，或每股1.49美元从一年前开始。在调整后的基础上，该航空公司每股收益1.82美元。根据Refinitiv数据，分析师平均预测每股1.80美元。总营业收入增长3％至119.6亿美元。