United Airlines says Boeing blowout cost it $200m [Yahoo! Finance]
Boeing Company (The) (BA)
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Source: Yahoo! Finance
The carrier was forced to ground its Boeing 737 MAX 9 fleet for three weeks after a mid-air cabin blowout on an Alaska Airlines flight in January. United said that pushed it to a pre-tax loss of $164m for the first quarter. The airline said it "would have reported a quarterly profit" otherwise. However, the loss was smaller than Wall Street expected and United's shares rose by more than 5% after the announcement. United has 79 Boeing 737 MAX 9s in its fleet, more than any of its rivals, and second only to Alaska Airlines. United and Alaska were forced to cancel thousands of flights as inspections were carried out in January before the US aviation regulator cleared the planes to resume flying. Earlier this month, Boeing paid $160m to Alaska to make up for losses the airline has suffered. United told investors that its operations were also impacted by delays to deliveries of Boeing planes. "We've adjusted our fleet plan to better reflect the reality of what the manufact
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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