Canada's largest airline suspended its 2019 financial guidance after regulators in Canada and the United States closed their skies to the Boeing 737 Max 8 aircraft over safety concerns. Air Canada said Friday that "in light of the current uncertainty" it is freezing the sunny forecast it released last month for the 2019 financial year, though its healthy predictions for 2020 and 2021 remain in place. Regulators around the world grounded the Boeing 737 Max 8 and Max 9 aircraft over safety concerns arising from the crash of Ethiopian Airlines Flight 302 that killed 157 people, including 18 Canadians. An Air Canada spokeswoman wrote in an email it is "too soon to say" how much the software update might cost either company. Air Canada and WestJet Airlines Ltd. have declined to reveal those service agreement details to analysts, he said.

Source: CBC News March 15, 2019 14:54 UTC