TUI says 737 MAX grounding could cost it 400 million euros in 2020

LONDON (Reuters) - Holiday company TUI Group said the grounding of its Boeing 737 MAX planes would continue to drag on profits, with a hit of up to 400 million euros (£343.63 million) possible in its 2020 financial year if the jet does not come back into service by May.The company, whose main rival Thomas Cook went out of business in September, said on Wednesday that earnings forecasts for the 12 months to end-September 2020 assumed a 130 million euro hit from the grounding. But it added that..