Alaska Air Sees Profit Above Estimates in Rebound From Max Woes [BNN Bloomberg (Canada)]
Boeing Company (The) (BA)
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Source: BNN Bloomberg
near-catastrophe on one of its planes that triggered the temporary grounding of a key Boeing Co. aircraft model. Adjusted earnings will be $2.20 to $2.40 a share in the current period, backed by a surge in travel by tech companies and increased demand for premium tickets, the carrier said in a statement Thursday. That's ahead of the $2.12 average of analyst estimates compiled by Bloomberg. The upbeat outlook suggests the carrier is bouncing back after regulators temporarily grounded Boeing's 737 Max 9 after a fuselage panel blew off one of the planes during an Alaska flight on Jan. 5. Boeing has reimbursed Alaska $162 million for lost first-quarter profits tied to the mishap. The airline has said it expects additional compensation, without disclosing an amount. The business travel rebound that began in the first quarter is expected to carry through the rest of the year, Chief Financial Officer Shane Tackett said in an interview. Passenger volume from technology companies has ret
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Earnings
- 4/24/24 - Beat
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Sec Filings
- 4/24/24 - Form PX14A6G
- 4/24/24 - Form 10-Q
- 4/24/24 - Form 8-K
- BA's page on the SEC website