Boeing's door plug blowout cost airlines. Big time. [Business Insider]
United Airlines Holdings, Inc. (UAL)
Last united airlines holdings, inc. earnings: 4/30 04:30 pm
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Source: Business Insider
Alaska said it received $162 million from Boeing in compensation for the damages. The Boeing door blowout in January tanked Alaska Airlines' first quarter earnings — and it's not the only airline to have been hurt by the incident. Alaska said Thursday its results were "significantly impacted" by the door plug blowout and subsequent grounding of its fleet of 737-9 MAX planes. Alaska reported losses of $132 million in Q1. But, excluding the grounding impacts, the company said it would have posted $5 million in adjusted income before taxes. Alaska said it received $162 million from Boeing as "initial cash compensation" for the damages. "Despite significant challenges to start the year our results have far exceeded initial expectations," CEO Ben Minicucci said in a statement. In addition to Alaska Airlines, United Airlines also reported significant losses that it said were related to the door plug incident. The airline said Tuesday its Q1 results were down $200 million becaus
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News
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- Unruly Passenger Must Pay United Airlines $20,638 for Disrupting Flight [The New York Times]The New York Times
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- How United Airlines' CIO regained customer and employee trust in its tech [Fortune]Fortune
UAL
Earnings
- 4/16/24 - Beat
UAL
Sec Filings
- 4/23/24 - Form DEFR14A
- 4/23/24 - Form 8-K
- 4/23/24 - Form 8-A12B/A
- UAL's page on the SEC website