Air Canada extends grounding of 737 MAX until August

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American Airlines hopes to have a $1 billion hit from two things it didn't anticipate when 2019 began: That its latest Boeing jet would be grounded after two crashes for weeks, and that oil prices would rise. And it doesn't matter to American that regulators in Canada, Europe and China are expected to take longer than the FAA to review and approve Boeing's fixes.

Doug Parker, CEO and chairman of the American Airlines Group, made the comments in relation to the airlines' first-quarter results.

Air Canada's 24 MAX jetliners were grounded in March following the second crash.

"Obviously, we're not happy about this issue, but no one is", said Parker, adding that the company, like peers, had not discussed any compensation from Boeing at this point.

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"It's real simple. We've just got the best people" he said in a CNBC interview. Investigators are focusing on anti-stall software that pushed the planes' noses down based on erroneous sensor readings. Pilots were unable to counter the downward pitch. It will also provide additional pilot training, although there is still debate about whether that instruction should be on computers, as Boeing wants, or in flight simulators, as some regulators prefer.

An American Airlines Boeing 737 Max 8, on a flight from Miami to New York City, comes in for landing at LaGuardia Airport in New York, U.S., March 12, 2019.

"We're doing a lot of work understanding what our customers perceptions are", said the airline's President Thomas Nealon.

The Fort Worth-based airline announced in its first quarter earnings call Friday morning that it expects to lose $350 million because of the grounding of the fleet through August 19.

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Norwegian's earnings report comes days after Southwest reported it lost revenue of $200 million in its fiscal first quarter after canceling 10,000 flights due to the grounding of the Boeing plane, of which it operated 34.

Total operating revenue rose 1.8 percent to $10.58 billion.

Nevertheless, despite an overwhelming shadow casting over the fortune of the largest planemaker of the world, the Seattle-based company's share prices had rounded off the day 0.36 percent higher at $375.46, after tottering as much as 1.56 percent during the midday USA trading hours.

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