United Airlines says it lost $124 million in the first quarter, and it's blaming Boeing. United said Tuesday that the grounding of its Boeing Max 9 jetliners after a panel blew out of an Alaska Airlines Max cost it $200 million. That turned a small profit into a loss. Still, the loss was not as bad as Wall Street expected.
FILE - A United Airlines Boeing 787 approaches for landing in Lisbon, Sept. 2, 2023, with the setting moon in the background. United Airlines reports their earnings on Tuesday, april 16, 2024.
In the first quarter, however, United said it was hobbled by the temporary loss of its 79 Max 9 aircraft during most of January. The airline was forced to United said the grounding cost it $200 million — enough to turn a small profit into a loss for the quarter. Alaska, the only other U.S. carrier using the Max 9, has reported getting $160 million in “initial compensation from Boeing for the grounding. A United official declined to discuss negotiations with the aircraft maker.Congress summons Boeing’s CEO to testify on its jetliner safety following new whistleblower chargesChicago-based United Airlines Holdings said that excluding special items it lost 15 cents per share.
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