BusinessPostCorner.com
No Result
View All Result
Monday, July 14, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

United Airlines says Boeing Alaska blowout cost it $200m

April 17, 2024
in Business
Reading Time: 2 mins read
A A
0
United Airlines says Boeing Alaska blowout cost it 0m
ShareShareShareShareShare

United Airlines has blamed Boeing for a $200m (£161m) hit to its earnings in the first three months of this year.

The carrier was forced to ground its Boeing 737 MAX 9 fleet for three weeks after a mid-air cabin blowout on an Alaska Airlines flight in January.

United said that pushed it to a pre-tax loss of $164m for the first quarter.

The airline said it “would have reported a quarterly profit” otherwise.

However, the loss was smaller than Wall Street expected and United’s shares rose by more than 5% after the announcement.

United has 79 Boeing 737 MAX 9s in its fleet, more than any of its rivals, and second only to Alaska Airlines.

United and Alaska were forced to cancel thousands of flights as inspections were carried out in January before the US aviation regulator cleared the planes to resume flying.

Earlier this month, Boeing paid $160m to Alaska to make up for losses the airline has suffered.

United told investors that its operations were also impacted by delays to deliveries of Boeing planes.

“We’ve adjusted our fleet plan to better reflect the reality of what the manufacturers are able to deliver,” United’s chief executive Scott Kirby said in a statement, external.

Boeing recently faced new pressure after a whistleblower reported safety concerns over the manufacturing of some of its planes to US regulators.

Engineer Sam Salehpour accused Boeing of taking shortcuts in the construction of its 787 and 777 jets.

He said he was “threatened with termination” after raising concerns with bosses.

But Boeing said the allegations were “inaccurate” and added it was confident its planes were safe.

Mr Salehpour is set to be the key witness at a US Senate hearing on 17 April.

On 5 January, a door plug on an Alaska Airlines 737 Max 9 blew off shortly after take-off, terrifying passengers, and forcing an emergency return to the Portland, Oregon airport.

The latest incident raised fresh questions about the safety of Boeing’s aircraft.

The company faced intense scrutiny after two fatal crashes of 737 Max 8 passenger jets in 2018 and 2019, which killed 346 people.

Credit: Source link

ShareTweetSendPinShare
Previous Post

Canada proposes higher tax on 0.1%—For anyone under 40, it’s ‘just harder to establish yourself,’ finance minister says

Next Post

UK inflation falls as meat and crumpet prices drop

Next Post
UK inflation falls as meat and crumpet prices drop

UK inflation falls as meat and crumpet prices drop

Rilla founder offers employees ,500 rent stipend to live closer to the office

Rilla founder offers employees $1,500 rent stipend to live closer to the office

July 11, 2025
EU pushes to fill Ukraine’s bn budget gap next year

EU pushes to fill Ukraine’s $19bn budget gap next year

July 8, 2025
XRP Whales Hit Record High as Price Surges 26% in One Week

XRP Whales Hit Record High as Price Surges 26% in One Week

July 12, 2025
Trump says EU and Mexico face 30% tariff from August

Trump says EU and Mexico face 30% tariff from August

July 12, 2025
The IRS FIRE’s going out for 2027 tax season

The IRS FIRE’s going out for 2027 tax season

July 9, 2025
After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

After almost 250 years as a symbol, the Bald Eagle is finally the official bird of the United States

July 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

AI means lawyers must double down on this one skill

AI means lawyers must double down on this one skill

July 14, 2025
OKX Adds PayPal Integration for Crypto Purchases Across Europe

OKX Adds PayPal Integration for Crypto Purchases Across Europe

July 14, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!