Southwest had to cancel 160 daily flights hitting revenue and costs following two deadly crashes in Indonesia and Ethiopia.
Boeing is the US' biggest exporter and something of a national treasure
The FAA backed that assessment but criticized Boeing for being slow to disclose the problem
The angle of attack measures the angle between the air flow and the wing and helps determine whether the plane is able to fly correctly
Dennis Muilenburg underscores the effort Boeing is putting into redesigning the software in 737 Max.
Last week, pilots and its airline customers left a Federal Aviation Administration meeting with no idea when the grounded model would fly again
All 737 MAX aircraft have been banned from the world's skies since days after the Ethiopian Airlines crash on March 10
Boeing CEO outlined the plan on Friday as the company ramps up efforts to restore public confidence in the 737 Max
Investors in Boeing - and its suppliers - should start getting used to the idea of a long delay before the Max returns to the skies
The 737 Max airliners have been grounded around the world since mid-March
Boeing's software fix for the grounded 737 MAX will prevent repeated operation of an anti-stall system at the centre of safety concerns, and deactivate it altogether if two sensors disagree widely
The 737 MAX is Boeing's best-selling plane, with orders worth more than $500 billion at list prices
The meetings are a sign that Boeing's planned software patch is nearing completion, though it will still need regulatory approval
Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes
The development comes as the manufacturer struggles to cope with the fallout from both the Indonesia crash and another in Ethiopia this month
Since the Ethiopian crash, which claimed 157 lives, questions have been raised not only about Boeing, but also the FAA and its close relationship with the company
Now the 737 Max is grounded globally, after two almost factory-fresh jets crashed in rapid succession
The U.S. planemaker has been working on a software upgrade for an anti-stall system and pilot displays on its fastest-selling jetliner
Regulators around the world suspended flights of 737 MAX planes following the Ethiopian Airlines crash last Sunday
The MAX has been grounded worldwide following the Ethiopian Airlines crash that killed all 157 passengers and crew