The Grounding of Boeing’s MAX Costs American Millions

The grounding of the Boeing 737 MAX by the Federal Aviation Administration will come at an estimated cost of $350 million to American Airlines, as reported by the airline during an updated profit forecast for the year. The airline has canceled flights through August while waiting for Boeing to release a fix to allow the aircraft to start flying again. So far, American has canceled over 15,000 flights since the grounding of the MAX following the crash of Ethiopian flight…