This photo taken on June 5, 2019 shows grounded China Southern Airlines Boeing 737 MAX aircraft parked in a line at Urumqi airport, in China's western Xinjiiang region. - China was the first country to ground the 737 MAX, a day after a deadly crash of an Ethiopian Airways Boeing 737 MAX that killed all 157 people on board, on March 10. Chinese carriers are seeking compensation from Boeing for losses due to the grounding of the planes. (Photo by GREG BAKER / AFP)
THE grounding of Boeing Co.'s 737 Max after a pair of accidents killed 346 people might seem an unmitigated disaster for the world's airline industry. Look at flight data, though, and you can glimpse a grim benefit supporting carriers' bottom lines.
To see why, it’s worth remembering just how crucial the 737 and its arch-rival, the Airbus SE A320, are. Each plane family constitutes about a third of the roughly 24,000-strong global passenger airline fleet.
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