Alaska Airlines says Boeing 737 Max 9 grounding will cost it $150 million
Publishing timestamp: 2024-01-25 10:52:34
Summary
Alaska Airlines announced that the grounding of Boeing 737 Max 9 planes will cost the carrier $150 million. The Federal Aviation Administration (FAA) grounded the planes after a panel blew out during an Alaska Airlines flight. The FAA has now cleared instructions for the planes to return to service. Alaska Airlines plans to gradually resume flights starting from Friday. Both Alaska Airlines and United Airlines, which also have Max 9 planes, found loose bolts on several aircraft during inspections. Alaska Airlines expects its full-year adjusted earnings per share to be between $3 and $5, lower than analysts' predictions. The CEOs of Alaska Airlines and United Airlines expressed frustration and anger with Boeing.
Sentiment: NEGATIVE
Keywords: markets, business, boeing co, travel, aerospace and defense industry, earnings, transportation, breaking news: business, ben minicucci, business news, breaking news: markets, alaska air group inc, life, airlines, united airlines holdings inc,