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American Airlines, Boeing reach settlement

CHARLOTTE — American Airlines took a financial hit when the Boeing 737 Max jets were grounded but now, the carrier is getting some of that money back.

American Airlines negotiated an agreement with Boeing on damages.

[Aeromexico says it has deal with Boeing on grounded 737 Max]

The agreement was confidential, so it is not known how much the settlement was worth.

Airline employees will see some of the money through profit sharing.