Grounding of 737 Max 8 planes spells turbulence for Air Canada and WestJet GlobeBusiness
Ryder estimates the ban would cost the two airlines $100 million collectively in the first 10 days.
Ryder explained the airlines may try to cut the number of flights on some routes and replace the Max 8 jetliners with larger planes. The suspension comes as thousands of Canadians are away on March break, stoking fears of stranded passengers and rebooking delays.Story continues below advertisementAir Canada said it will grant affected customers a full fee waiver.
Boeing Co., which makes the 737 Max 8, has seen its share price drop by more than 11 per cent in the past three days — a loss of more than US$26.6 billion.
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