American Airlines Group Inc said on Sunday it is extending Boeing Co 737 MAX cancellations through August 19, leading to about 115 daily canceled flights, or 1.5 percent of its daily summer flying schedule.
"We remain confident that the impending software updates, along with the new training elements Boeing is developing for the MAX, will lead to recertification of the aircraft soon".
In a letter to employees, American CEO Doug Parker and President Robert Isom said the new cancellations represent 1.5% of its total flights each day of the busy summer travel season.
President Donald Trump said Monday that Boeing should "rebrand" its 737 Max airplane, which has been taken out of passenger service worldwide following two high-profile fatal crashes in recent months.
Low-priced carrier Southwest, which unlike its rivals only flies Boeing 737s, had estimated $150 million in lost revenue between February 20 and March 31 alone due to MAX cancellations and other factors.
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The airline's CEO Doug Parker and President Robert Isom issued a statement saying it would cancel 115 flights daily through August 19, representing approximately 1.5 of the airlines' flying each day during the summer.
The Ethiopia Airlines jet reportedly had its angle-of-attack sensor damaged on takeoff from a foreign object or bird, experts said last week.
Boeing also faces a tsunami of lawsuits arising from the 737 MAX that will amount into the billions of dollars. Planes run fullest during June, July and August, when airlines earn the most revenue per available seat mile, according to U.S. Bureau of Transportation Statistics. They will discuss the progress of the FAA's review on the 737 MAX.
American has 24 MAX jets and had previously planned to cancel MAX flights through early June.
Investigators are focusing on the plane's anti-stall software, the Manoeuvring Characteristics Augmentation System (MCAS). Airline officials say by extending cancellations through the summer they can plan more reliably for the peak travel season.
Southwest Airlines have not seen a good first quarter, with the airline warning investors that they've canceled over 10,000 flights since mid-February. Let us know in the comments!