Alaska Airlines 2024 forecast tops estimates after loss from Boeing Max grounding
Publishing timestamp: 2024-04-18 13:41:41
Summary
Alaska Airlines forecasts strong earnings for the second quarter and full year, despite a first-quarter loss due to an accident involving a Boeing 737 Max 9. The airline received compensation from Boeing for the incident and expects additional compensation. Alaska CEO stands by Boeing but expects delays in plane deliveries. The company's shares were up more than 5% in Thursday trading. Other airlines like Delta and United also forecast strong travel demand for 2024.
Sentiment: POSITIVE
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