has had no immediate financial impact on airlines using the planes, but it will get painful for the industry the longer they do not fly, companies and analysts said on Friday .
U.S. bank Citi said it expected the grounding to eat into the profits of Southwest Airlines, which operates the world's biggest 737 MAX fleet, causing a plane shortage for the carrier and likely passenger compensation costs. U.S. authorities say information from the wreckage in Ethiopia and data on its flight path show some similarities.
"The president reiterated his sorrow over the loss of life and underscored America's commitment to work with the government of Ethiopia – a longstanding partner and friend of the United States – and international civil aviation authorities to determine the cause of the crash," the White House said in a statement.BOEING PLANS NEW SOFTWARE
French authorities have the flight data and cockpit voice recorders, though Ethiopia is formally leading the investigation and U.S. experts are in Paris and Addis Ababa too.The New York Times said the captain, Yared Getachew, initially reported a"flight control" problem in a calm voice before asking to return in panicked tones three minutes into the flight."Break break, request back to home," he told controllers, the newspaper reported.
That’s too bad because lives matter
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