United Airlines (UAL) shares moved higher in Monday’s after-hours session after reporting a fourth-quarter 2024 earnings beat. The airline operator is predicting less than stellar results for its first quarter 2024 due in part to the grounding of its Boeing (BA) 737 Max 9 fleet.
Boyd Group International President Mike Boyd joins Yahoo Finance Live to talk United’s 2024 outlook after discovering manufacturing errors in Boeing jets.
While Boyd believes United Airlines is prepared for any earnings losses, he goes on to say that if Federal Aviation Administration (FAA) inspectors “find anything else going on with production at Boeing, I think there’s going to be fallout like we haven’t seen since… well, I would say since the COVID issue” for Boeing and the airline industry.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor’s note: This article was written by Luke Carberry Mogan.
Video Transcript
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JULIE…