Home / Market News / Air Canada to keep Boeing 737 Max out of schedule until at least 2020

Air Canada to keep Boeing 737 Max out of schedule until at least 2020

Air Canada said it will be removing the grounded Boeing 737 MAX from its schedule until at least Jan. 2020, though it held out the prospect of returning the plane to its fleet earlier as a replacement or backups. Third-quarter capacity is projected to fall 2% instead of rising by 3% as planned. Air Canada also said that it swung to a second-quarter profit of $343 million, or $1.26 a share, and a rise in EBITDA to $916 million from $739 million.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Read Full Story