The grounding of the Boeing 737 Max jet took 371 planes out of service worldwide for an indefinite period of time. Discount European carrier Ryanair had been awaiting its first 737 Max when deliveries were halted. "I think it certainly has the ability to pressure fares higher as we get into the busy summer months," said Helane Becker, airline analyst for Cowen. The 737 Max problems aren't the only reason fares will be higher this summer. All of Boeing's Max planes were grounded worldwide last month after a 737 Max jet flown by Ethiopian Airlines pilots crashed in that country, killing everyone aboard.

Source: Ethiopian News April 17, 2019 11:15 UTC