American Airlines extends flight cancellations because of Boeing's 737 Max grounding

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American Airlines extends flight cancellations because of Boeing's 737 Max grounding
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American Airlines extends flight cancellations until November 2 because of the Boeing 737 Max grounding

The world's largest airline announced Sunday it's extending cancellations until November 2. It amounts to roughly 115 flight cancellations per day.

Boeing's efforts to get the plane back in the air hit another snag last month. A new potential problem with the jet was discovered during testing -- making it possible the 737 Max will be grounded in to late 2019 or early 2020. CNN Business reported last month that the crisis would likely drag down Boeing's profits into next year. Read MoreAmerican Airlines previously canceled flights through September 2. The airline has 24 of Boeing's best-selling 737 Max jets in its fleet.

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