Boeing's problems just cost United $200 million [CNN]
Boeing Company (The) (BA)
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Source: CNN
Alaska Airlines flight. United did not say whether or not it expects to be reimbursed by Boeing for the cost of the grounding of its 737 Max 9s for three weeks following the January 5 incident. But it did say that it would have been profitable without the cost of the grounding. The blow out of a door plug on an Alaska Airlines flight caused a three-week grounding by the Federal Aviation Administration of the 737 Max 9 model of jets, and brought fresh questions about the safety and quality of Boeing planes. United, which depends on Boeing planes for about 80% of its mainline fleet, had 86 of the Max 9 jets, more than any other airline in the world and it was hit particularly hard by Boeing's problems. But United has also been hit with a series of other incidents, including engines catching on fire and wheels falling off of planes, problems that got increased attention in the wake of Boeing's problems. It has forced United CEO Scott Kirby to reach out to customers to assure them
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BA
News
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- House and Senate negotiate bill to help FAA add more air traffic controllers and safety inspectors [Yahoo! Finance]Yahoo! Finance
- Brokers Suggest Investing in Boeing (BA): Read This Before Placing a Bet [Yahoo! Finance]Yahoo! Finance
BA
Earnings
- 4/24/24 - Beat
BA
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