American defers 37 Boeing deliveries as long as three years

American Airlines Group delayed deliveries of more than three dozen Boeing aircraft and projected a deeper loss than analysts expected as the coronavirus pandemic continues to quash corporate and international travel. Eighteen 737 Max jets that were to be delivered this year and next will be postponed to 2023 and 2024, the carrier said in a regulatory filing Tuesday. American will also take 14 787-8 planes at the end of the next year’s first quarter, instead of this year. Another five of that wide-body aircraft will be converted to the 787-9 version, with shipments delayed until 2023. The Q1 adjusted loss will be $4.29 to $4.41 a share, American said. Analysts had projected $4.05, according to the average of estimates compiled by Bloomberg. Revenue will decline 62% from the same quarter in 2019, before the pandemic decimated travel. The company previously said the drop could reach 65%. <br/>