737 MAX may not fly anytime soon

, 737 MAX may not fly anytime soon, Technical Analysis, Stockmarkets Insights, Trading Tools:Biedex

American Airlines (NASDAQ:AAL) is extending cancellations of 90 flights per day from April 24 through June 5 because of the grounding of Boeing’s 737 MAX (NYSE:BA), the latest sign that the aircraft is not expected to return to service anytime soon.

On Friday, Boeing said it plans to cut its monthly 737 MAX production by nearly 20% and is working to fix software shortcomings on the planes after two fatal crashes and an international probe.

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, 737 MAX may not fly anytime soon, Technical Analysis, Stockmarkets Insights, Trading Tools:Biedex