Boeing’s 737 MAX grounding spills over into economy, weighs on US GDP
The prolonged grounding of Boeing’s 737 MAX aircraft is rippling through the US economy, hurting the nation’s trade balance and clouding the outlook for airlines, suppliers and their tens of thousands of workers. Companies ranging from American Airlines to engine maker General Electric and smaller parts suppliers have cited the grounding and halt in deliveries of the jetliner for financial damage or the suspension of profit guidance. Several US and foreign airlines are cutting back on routes and capacity growth or delaying pilot hiring and promotions because of the MAX. Economists say the production cuts likely weighed on US gross domestic product in Q2, and warn the negative impact could intensify as long as the plane maker is unable to resume deliveries. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-23/general/boeing2019s-737-max-grounding-spills-over-into-economy-weighs-on-us-gdp
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Boeing’s 737 MAX grounding spills over into economy, weighs on US GDP
The prolonged grounding of Boeing’s 737 MAX aircraft is rippling through the US economy, hurting the nation’s trade balance and clouding the outlook for airlines, suppliers and their tens of thousands of workers. Companies ranging from American Airlines to engine maker General Electric and smaller parts suppliers have cited the grounding and halt in deliveries of the jetliner for financial damage or the suspension of profit guidance. Several US and foreign airlines are cutting back on routes and capacity growth or delaying pilot hiring and promotions because of the MAX. Economists say the production cuts likely weighed on US gross domestic product in Q2, and warn the negative impact could intensify as long as the plane maker is unable to resume deliveries. <br/>
