April 29, 2019, © Leeham News: With first quarter financial results beginning to be reported, the impact of the grounding of the Boeing 737 MAX is beginning to emerge.
The first out was from Boeing itself, followed by a few of the airlines that operated the MAX before it was grounded March 13.
Boeing reported the grounding cost it about $1bn, for just the two weeks the airplane has been on the ground.
Norwegian Air Shuttle, which was using the MAX on new trans-Atlantic services, lost millions of dollars.
American Airlines will take a $350m hit from the groundings.
Southwest Airlines surprised many with a stronger-than-expected first quarter despite having 34 MAXes on the ground and a cost of $200m.
Air Canada extended the removal of its MAX fleet from its schedules another month, to Aug. 1.