Alaska Airlines says Boeing paid it $160 million for 737 Max 9 grounding
Publishing timestamp: 2024-04-04 11:00:57
Summary
Boeing paid Alaska Airlines $160 million in compensation for grounding of 737 Max 9, with Alaska expecting additional compensation. Despite impact on first-quarter results, Alaska says demand remains strong. Boeing facing additional government scrutiny and slowdown in aircraft deliveries and production. United Airlines offering pilots unpaid time off in May due to delayed Boeing deliveries. Alaska shares up more than 5% in morning trading.
Sentiment: MIXED
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Source: https://www.cnbc.com/2024/04/04/boeing-pays-alaska-airlines-160-million-for-737-max-9-grounding.html