United Airlines noted in its latest earnings report released this week that the temporary grounding of the Boeing 737 Max 9 in January cost the company about $200 million in losses.
United Airlines released its first quarter earnings on Tuesday in which it indicated that it lost about $200 million due to the temporary grounding of the Boeing 737 Max 9 earlier this year. The Chicago-based airline announced that it had a pre-tax loss of $164 million for the quarter, which was an improvement of $92 million from the same quarter a year ago, and noted that the loss was caused by the 737 Max 9 grounding.
After the FAA, Boeing and airlines conducted inspections on aircraft in the 737 Max 9 fleet that have plug door panels, the aircraft was cleared to return to service after Jan. 24 following the completion of inspections. Alaska returned its fleet to service on Jan. 26, and United followed suit the following day.
United declined to offer a comment beyond what was included in its earnings release. Boeing referred FOX Business to comments by chief financial officer Brian West at the Bank of America Industrial Conference on March 20 in which he discussed the impact of the 737 Max 9 grounding and delivery issues on customers.
We put the customers in a tight spot, the most important thing we do is communicate with them. And they have been supportive of everything we're trying to do to enhance safety and quality for the industry," West explained.
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