Here's how much the Boeing 737 Max grounding is costing airlines

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Here's how much the Boeing 737 Max grounding is costing airlines
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The continued grounding of the Boeing 737 Max is costing airlines hundreds of millions of dollars.

American Airlines , Southwest Airlines and European budget carrier Norwegian all revealed this week that the inability to utilize the troubled plane will cost the combined airlines nearly $600 million. It's not just the airlines feeling the pinch: Boeing also said earlier this week that its earnings fell 21% in the first three months of the year because of the crisis.

"That doesn't mean we will be an all-737 carrier into perpetuity," he told CNBC Thursday. Kelly also said he's"not happy" about the grounding the Boeing 737 Max."Our negotiations and our relationship with Boeing is something I'll take up with them privately," he said.European discount carrier Norwegian said Thursday the grounding will cost it NOK 500 million, or $58 million US dollars, in 2019.

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