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American Airlines reaches deal with Boeing over 737 Max grounding, will share $30 million with employees

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Maintenance workers cover the engine of an American Airlines Group Inc. Boeing Co. 737 Max plane outside of a maintenance hangar at Tulsa International Airport (TUL) in Tulsa, Oklahoma, U.S., on Tuesday, May 14, 2019.

Patrick T. Fallon | Bloomberg | Getty Images

American Airlines said Monday that it reached an agreement with Boeing to reimburse the airline for financial damages last year stemming from the grounding of the 737 Max, which is now in its 10th month.

Airlines have lost more than $1 billion in revenue because of the grounding after two fatal crashes. Boeing and Southwest Airlines ⁠— the largest U.S. operator of the 737 Max ⁠— disclosed they had reached an agreement last…



Source cnbc.com

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