Boeing pays Alaska Airlines $160 million for 737 Max 9 grounding

The fuselage plug area of ​​Alaska Airlines Boeing 737-9 MAX Flight 1282, which was forced to make an emergency landing with a gap in the fuselage, is seen during its investigation by National Transportation Safety Board (NTSB) in Portland, Oregon, United States. January 7, 2024.

NTSB | Via Reuters

Boeing paid Alaska Airlines $160 million in compensation in the first quarter for the grounding of the 737 Max 9.

The Federal Aviation Administration grounded the planes after a door jam exploded from a nearly new Boeing 737 Max 9 operated by Alaska while the flight was at 16,000 feet altitude, inches from Another tragedy involving Boeing’s best-selling plane.

Alaska said in a statement Thursday that its first-quarter results “were significantly impacted by Flight 1282 in January and the grounding of the Boeing 737-9 MAX that extended into February.”

Alaska said it expects additional compensation beyond the first quarter.

Alaska also noted that demand was strong despite an immediate impact after the accident. “Although we experienced some challenges following the 737-9 MAX accident and grounding, both February and March finished above our initial pre-grounding expectations due to these fundamental improvements,” did he declare.

The filing is a first look at what Boeing is offering its major customers following the Jan. 5 crash, which led to increased government scrutiny and a slowdown in aircraft deliveries and production.

United AirlinesThe pilots’ union told its members last week that the airline was offering unpaid leave to pilots in May because of Boeing’s delayed deliveries, CNBC reported earlier this week.

Boeing had no immediate comment. The manufacturer and U.S. airlines will report first-quarter results later this month.


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