Air Canada Removes 737 Max Flights Until 2020, Joining Southwest
- No visibility on reliable timing for return of Boeing 737 Max
- Banning of aircraft will continue to affect Air Canada profit
An Air Canada aircraft taxis at Toronto Pearson International Airport.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Air Canada has removed the Boeing 737 Max from its schedule until January pending regulatory approvals, joining Southwest Airlines Co. in scrapping plans for flights of the jetliner into 2020.
Canada’s largest carrier said the grounded jets will reduce capacity and curb earnings growth in the third quarter, even as the company posted profit that beat analysts’ estimates for the second quarter.