Boeing MAX crisis taking a toll on 3 of nation's biggest airlines

Posted at 10:45 AM, Aug 08, 2019
and last updated 2019-08-08 13:45:50-04

PHOENIX — United Airlines, Southwest Airlines and American Airlines have lost hundreds of millions of dollars in revenue and have taken big hits to their capacity since the troubled Boeing 737 MAX groundings on March 13.

That’s the grim finding in a new report out this week from airline data behemoth OAG.

According to OAG’s calculations of planned capacity at affected airlines with the MAX still flying versus the actual capacity since the MAX groundings, the capacity losses among United States-based carriers range from a low of 1.2 million seats at United Airlines (Nasdaq: UAL), which has 14 MAX aircraft, to a high of 3 million seats at Southwest Airlines (NYSE: LUV), which has 34 MAX planes, the largest number of MAXs of any airline in the world.

American Airlines (Nasdaq: AAL), which has 24 Boeing (NYSE: BA) MAX planes, per OAG calculations, has seen its capacity drop by 2.2 million seats since the MAX grounding.

For the full story from the Phoenix Business Journal, click here.