Updated at 8:30 p.m. ET
With American Airlines joining United in pulling 737 Max planes from their schedules and cancelling flights into early November, many travel industry observers are bracing for the next shoe to drop: higher priced fares and cancelled flights for the Thanksgiving and Christmas holidays season.
American Airlines announced Monday it is pulling the 737 Max from its schedule through Nov. 2, canceling about 115 flights per day. American reported last week that the Max grounding has already cost the airline $185 million in lost revenue.