Boeing’s flagship 737 Max has been grounded since mid-March following two fatal crashes. The manufacturer posted a second-quarter loss of $5.82 a share due to the grounding of its best-selling plane. The company is testing a software package to bring the planes back but remains uncertain on how long it will be until it returns to flight.
According to Hopper, the airfare prediction app, domestic round-trip airfare would drop nearly 7 percent compared with June’s peak prices. Another 5.5 percent price drop is expected in August, and a smaller dip should follow in September. The forecast calls for prices will level off in October, then tick up about 2 percent in November. The holiday travel season begins after Halloween and as Thanksgiving approaches.