Dec 11, 2019 SOURCE: AFP
TUI warns grounded Boeing 737 MAX to sap 2020 profits
European tour operator TUI warned Wednesday that its 2019-20 business year will be burdened by continuing massive costs from its fleet of grounded Boeing 737 MAX aircraft.
In a forecast, TUI said costs from the flight ban for the 15 planes would sap adjusted operating profit (EBIT) by 130 million...
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