American Airlines vows to share Boeing proceeds with workers GlobeBusiness
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American had 24 Boeing 737 Max jets when the planes were grounded worldwide in March after two deadly crashes. Like other airlines, American has cancelled thousands of flights as a result. It estimated that the grounding will cut its full-year 2019 pre-tax income by $540 million. American Airlines Group Inc. CEO Doug Parker said in October he was confident that any losses due to the Max grounding “won’t be incurred by American shareholders, but will be borne by the Boeing shareholders.”
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