American Airlines Group Inc. (AAL) is threatening to cancel some orders of the Boeing Co. (BA) 737 Max jet due to financing troubles, The Wall Street Journal reports ( ). American Airlines ordered 17 of the planes for delivery this year, but has struggled to secure the money to pay for them. With travel halted for many consumers due to the coronavirus, airlines and other companies in the travel industry have been under pressure. United Airlines Holdings Inc. (UAL) announced this week that it could furlough 36,000 workers in October due to diminished demand. American Airlines stock stock has plummeted more than 60% for the year to date. Boeing shares are down 46.3%. And the Dow Jones Industrial Average has slumped 9.5% for the period.
-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 10, 2020 10:42 ET (14:42 GMT)
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