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.

Learn more about : United Airlines ( United Kingdom )

below social share icons

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.

Ensuring our guests have an unforgettable experience while sailing with us is paramount; however, your health and safety remains our...

A state like no other. A place known for togetherness, celebration and happiness. In Louisiana, we call it “joie de...

Palladium Hotel Group is a renowned Spanish hotel chain that first emerged towards the end of the 1960s. Currently present...

At Wilderness Safaris we believe in creating life-changing journeys and have been doing so for over 39 years. Our purpose...

In the heart of Europe, in one of the most innovative cities in the world, at the centre of business,...

Chargebacks911 offers scalable solutions that are customized for any business of any size in any industry. With the flexibility to...

ITB Asia, Asia’s Leading Travel Trade Show, is an annually held B2B trade show and convention for the travel industry; it is designed...

The Oregon Tourism Commission, dba Travel Oregon, works to enhance visitors’ experiences by providing information, resources and trip planning tools...

Travel specialists founded the company in 1999 as AC Tours. Since then we have grown and expanded to incorporate four...

Via Croatia is a concierge-type, full-service luxury DMC working exclusively with travel agents and luxury tour operators. With 20 years...

Princess Hotels & Resorts is a hotel chain specialising in holiday and urban hotels located in first class tourist destinations,...

We’re here to provide the very best experience in train travel. From booking your ticket, to asking us a question...

NSW, Australia Welcome to New South Wales – a place to feel free, feel alive, feel new. As the official...

Arival advances the business of creating amazing in-destination experiences. We provide events, insights, and community for creators and sellers of...