United Airlines Lost $200 Million From Boeing Max 9 Grounding [Forbes]
Boeing Company (The) (BA)
Last boeing company (the) earnings: 4/29 07:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.boeing.com/investors/overview/default.aspx
Company Research
Source: Forbes
A United Airlines Boeing 737 MAX 9 passenger aircraft taxis at Chicago O'Hare International Airport. (Photo by Nicolas Economou) U nited Airlines would have turned a profit in the first quarter of 2024 had it not been for a door plug blowing off an Alaska Airlines jet mid-flight in January. Instead, United is reporting a pre-tax loss of $164 million, reflecting a $200 million hit from the Federal Aviation Administration's grounding of the Boeing 737 Max 9, which forced the airline to cancel thousands of flights over several weeks. The incident also sparked an FAA investigation into Boeing's safety practices and an ongoing criminal investigation United and Alaska Airlines are the only two U.S. airlines to operate the Max 9. Earlier this month, Alaska announced it had received a $160 million cash payment from Boeing in compensation for lost revenues stemming from the door plug blowout. United's $164 million Q1 loss is a $92 million improvement over the same quarter last year.
Show less
Read more
Impact Snapshot
Event Time:
BA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BA alerts
High impacting Boeing Company (The) news events
Weekly update
A roundup of the hottest topics
BA
News
- Millennium Space Systems Awarded $414M Space Development Agency Contract [Yahoo! Finance]Yahoo! Finance
- Millennium Space Systems Awarded $414M Space Development Agency ContractPR Newswire
- Why Woodward Stock Is Soaring Higher Today [Yahoo! Finance]Yahoo! Finance
- Space-Made Fibers and Novel Biotech Among Research Returning to Earth After Successful Space Station Mission [Yahoo! Finance]Yahoo! Finance
- Boeing Company Expands to Make Parts for Stingrays, Red Hawks, Military Helicopters [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