German travel company TUI has forecast that its annual earnings will take a € 200 m ( $ 225 m ) increase because of the grounding of Boeing 's 737 passenger planes . The predicted downturn is based on the assumption that flights resume mid - July , but profits could decrease a further € 100 m if the restriction occurred . As Europe 's largest tour operator , Boeing operates 15 of the grounded aircraft , with eight more due for delivery in 2020 ; but two fatal crashes of 737 Max planes in five months , and speculation that Boeing 's software is to blame , led the manufacturer to prohibit all flights until an overhaul has been tested .
German travel company TUI has forecast that its 2019 earnings will take a €200m ($225m) dip because of the grounding of Boeing's 737 Max planes. The predicted downturn is based on the assumption that flights resume mid-July, but profits could decrease a further €100m if the restriction continues. As Europe's largest tour business, TUI operates 15 of the grounded aircraft, with eight more due for delivery in May; but two fatal crashes of 737 Max planes in five months, and speculation that Boeing's software is to blame, led the manufacturer to prohibit all flights until an overhaul has been tested.