United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January.
Alaska Airlines said Boeing paid it $162 million so far in compensation for the 737 Max grounding.
Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, but said fixing the problems that got attention after the Alaska Air incident will push back its financial recovery.
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetline
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus jets to fill out its fleet. Financial results released by the airline pointed to continued strength in demand for air travel, especially within the United...
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January. United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus jets to fill out its fleet. United forecast better-than-expected profit in the second quarter.
The airline is evolving its fleet strategy due to shifting delivery timelines from Boeing.
(Associated Press) – Boeing said Wednesday that it lost $355 million on falling revenue in the first
Boeing reported a slightly smaller loss in the first quarter compared to the same time a year ago, and warned investors and employees it will have to cut back production further to deal with quality and safety issues on its production line. Boeing reported a core operating loss of $388 million, or $1.13 a share, from the $440 million it lost on that basis a year earlier. That was significantly less than analysts’ forecast of $1.63 a share in the quarter. But the improvement came from outside its...
Montas (2-2) took the loss against Seattle on Monday, allowing five runs on
By: Casey Harper | The Center Square Lawmakers and aviation experts raised major concerns about the American aerospace company, Boeing, at two Senate hearings on Wednesday. The hearings come as Boeing has faced mounting criticism over mechanical malfunctions and questions over quality. In particular, Boeing whistleblower Sam Salehpour testified at the Senate Committee on Homeland