Summary: Major airlines have once again extended cancellations of flights aboard Boeing 737 MAX jets, anticipating a grounding that will now stretch through the Holiday season, constraining capacity that is already being stretched to the limit. Now that deliveries of the 737 MAX have collapsed and no timetable yet exists for a return to the air, airlines that are still selling tickets for future flights on the jet are running out of options regarding their pending orders. That uncertainty is magnified for Boeing, whose stock price fell more than 2.5% on Tuesday, as they’ve repeatedly downplayed the severity of the MAX jet’s issues, while simultaneously backpedaling on dates for certification flights and other FAA approval processes. With order cancellations and legal troubles mounting, things look to get worse before they get better at the American aviation giant.
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