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Boeing Crash Fallout Widens on TUI Profit Hit, Passenger Lawsuit

  • TUI earnings to take $225 million hit after 737 Max is idled
  • Estate of passenger on doomed Ethiopia flight brings suit
A Boeing Co. 737-800 passenger aircraft operated by low-cost airline TUI Fly stands on the tarmac at Dusseldorf airport, operated by Flughafen Dusseldorf GmbH, in Dusseldorf, Germany.
Photographer: Jasper Juinen
Updated on

Boeing Co. faced widening fallout from the crisis over its 737 Max jets, as travel giant TUI AG warned the grounding of the aircraft will cut its profit and the estate of a passenger who died in this month’s crash in Ethiopia sued the planemaker.

Boeing, based in Chicago, has been under intense scrutiny after two 737 Max crashes since October killed 346 people. The initial findings of a probe into the Ethiopian Airlines crash suggest a malfunction of the same system as in the Lion Air disaster in Indonesia in October, the Wall Street Journal reported, citing initial findings from the plane’s flight data.