Summary
- United Airlines reports Q1 loss due to 737 MAX 9 groundings after the Alaska Airlines incident.
- The carrier also had to adjust its fleet plan due to delays in the Boeing 737 MAX program, converting some MAX 10 orders to MAX 9 and leasing Airbus A321neos.
- Alaska Airlines, also impacted by the MAX 9 grounding, received compensation from Boeing but expects more.
United Airlines has announced its first quarter results, reporting a loss but explaining that it was primarily because of the 737 MAX 9 groundings faced after the Alaska Airlines blowout incident. Still, the airline said that demand remained strong and capacity was up as passengers continued to return in significant numbers.
United posts Q1 loss
The first-quarter 2024 financial results of United Airlines are out, with the carrier reporting a net loss of $124 million against an operating revenue of $12.5 billion. The…