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American Airlines annual profit to take $540 million hit on MAX cancellations

Oct 24 (Reuters) - American Airlines Group Inc increased its full-year estimate for costs related to the Boeing 737 MAX grounding to $540 million on Thursday, sending its shares down about 2% before the bell.

The U.S. airline had earlier said its 2019 pretax income would take a $400 million hit because of flight cancellations. (Reporting by Sanjana Shivdas in Bengaluru; Editing by Bernard Orr)