United Airlines says it lost $124 million in the first quarter, and it's blaming Boeing.
11 minutes agoTony Hawk wowed crowds on Kona Skatepark’s iconic vert ramp. Now it’s in disrepair, and this family is trying to save itFILE - 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.Chicago-based United Airlines Holdings said that excluding special items it lost 15 cents per share. Analysts on average expected a loss of 58 cents per share, according to a FactSet survey.United forecast that it will earn between $3.75 and $4.
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