United Airlines’ First-Quarter 2024 Financial Results show the impact of the Boeing 737 MAX 9 grounding.
The financial report is a stark look at the way the commercial aviation provider has been hit since a mechanical fault forced a plane to land.
United Records Financial Hit
The Federal Aviation Administration (FAA) was quick to act after an Alaskan Airline flight had a malfunction whilst it was in the air.
A door plug unexpectedly blew off causing the regulator to ground the airline’s Boeing 737 MAX 9. Thousands of flights were canceled and United’s production line was stalled whilst the FAA looked into the harrowing incident.
Today’s financial announcement marks the company’s first look back at a turbulent year. The company “had a pre-tax loss of $164 million, a $92 million improvement over the same quarter last year; adjusted pre-tax loss1 of $79 million, a $187 million improvement on an adjusted basis over the same quarter last year. These earnings…