American Airlines Reaches Settlement With Boeing Over 737 Max

The transcript discusses Boeing's compensation for the financial damages caused by the global grounding of the 737 Max jet in 2019. American Airlines reached a settlement with Boeing, with a portion of the compensation going to a profit-sharing program for employees. The grounding has significantly impacted American Airlines' operations and revenue. The 737 Max was grounded after two fatal crashes, and discussions for further compensation are ongoing. Other airlines, like Southwest, have also settled with Boeing.

What did American Airlines plan to do with a portion of the settlement from Boeing?

• Use it for marketing campaigns

• Place it in a profit-sharing program for employees

• Distribute it to shareholders

• Invest in new aircraft

What was the expected financial impact on American Airlines due to the 737 Max grounding?

• A loss of $540 million in pre-tax revenue

• A gain of $540 million

• A loss of $1 billion in pre-tax revenue

• No financial impact

When was the Boeing 737 Max grounded worldwide?

• March 2019

• January 2020

• March 2018

• December 2019

How many people were killed in the crashes involving the Boeing 737 Max?

• More than 400

• More than 100

• More than 300

• More than 200

Which other US airline reached a settlement with Boeing before American Airlines?

• Southwest Airlines

• JetBlue Airways

• United Airlines

• Delta Airlines