US and European airlines say the grounding of the 737 Max has already cost them hundreds of millions of dollars, and they're ready to take on Boeing to get compensation.
Southwest Airlines, which operates the world's largest fleet of 737 Max planes, said it has already lost $200 million in the first quarter from cancelled flights due to the grounding of the plane as well as the government shutdown.
American Airlines estimated that the grounding will cost it $350 million, the BBC reported, as it cancelled more than 15,000 flights until August. American has 24 Boeing 737 MAX 8s in its fleet, compared to Southwest's 34.
Norwegian estimated that the "uncertainty" over the plane and when it will return to the sky will cost it up to 500 million Norwegian kroner ($58 million.) Norwegian was operating 18 737 Max planes before they were grounded, and had ordered a total of 110.
Germany's TUI Airways told the Financial Times that the grounding of the plane would cost it around €3 million ($3.4 million) a week. The airline, which operates 15 737 Max planes, also said in March that it could also take a hit of €300 million ($335 million) if the planes are still grounded by September.
The 737 Max has been grounded all over the world since a fatal Ethiopian Airlines crash in March - just five months after a fatal Lion Air crash also involving in the plane in October 2018. Almost 350 people were killed in the crashes.
The plane will stay grounded until the US Federal Aviation Administration and its equivalent regulators around the world approve Boeing's updated software systems for the plane.
29/04/19 Sinead Baker/Business Insider
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Southwest Airlines, which operates the world's largest fleet of 737 Max planes, said it has already lost $200 million in the first quarter from cancelled flights due to the grounding of the plane as well as the government shutdown.
American Airlines estimated that the grounding will cost it $350 million, the BBC reported, as it cancelled more than 15,000 flights until August. American has 24 Boeing 737 MAX 8s in its fleet, compared to Southwest's 34.
Norwegian estimated that the "uncertainty" over the plane and when it will return to the sky will cost it up to 500 million Norwegian kroner ($58 million.) Norwegian was operating 18 737 Max planes before they were grounded, and had ordered a total of 110.
Germany's TUI Airways told the Financial Times that the grounding of the plane would cost it around €3 million ($3.4 million) a week. The airline, which operates 15 737 Max planes, also said in March that it could also take a hit of €300 million ($335 million) if the planes are still grounded by September.
The 737 Max has been grounded all over the world since a fatal Ethiopian Airlines crash in March - just five months after a fatal Lion Air crash also involving in the plane in October 2018. Almost 350 people were killed in the crashes.
The plane will stay grounded until the US Federal Aviation Administration and its equivalent regulators around the world approve Boeing's updated software systems for the plane.
29/04/19 Sinead Baker/Business Insider
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