United Airlines takes $200m hit from Boeing Max blowout

Thursday, 18 Apr, 2024 0

United Airlines took a $200m hit to its first quarter earnings due to the Boeing 737 Max door blowout incident.

United was forced to ground its Max 9 fleet for three weeks following the mid-air door plug blowout on an Alaska Airlines flight in early January.

It stopped the airline posting a Q1 profit.

It pushed United to a $164m loss for the first quarter.

Still, the loss was less than expected by analysts.

United has a fleet of 79 Boeing 737 Max 9 aircraft.

It led to thousands of cancellations at both United and Alaska Airlines, the two main US operators of the jet.

“We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver,” United’s CEO Scott Kirby said, referring to Boeing’s troubles.

Separately, United’s own safety and maintenance operations have been under scrutiny after a number of in-flight issues.

Its operations are being monitored and the airline says this will also delay new aircraft entering service.

Earlier this month, Boeing paid $160m to Alaska to compensate for losses the airline suffered due to the grounding of Boeing 737 Max planes.

TravelMole Editorial Team

Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.

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