United Airlines reports $124 million loss in a quarter marred by grounding of some Boeing planes
United Airlines said Tuesday that it lost $124 million in the first quarter, which it blamed on a three-week grounding of all Boeing 737 Max 9s after a panel blew off an Alaska Airlines Max jetliner in January.
United indicated it would receive far fewer new planes from Boeing this year than it expected, and it has begun leasing Airbus jets to fill out its fleet.
Financial results released by the airline pointed to continued strength in demand for air travel, especially within the United States and across the Atlantic. United forecast better-than-expected profit in the second quarter.
Shares of United rose 5% in after-hours trading.
The airline had its own difficulties in the first three months of the year. Its CEO reassured travelers that United is safe despite a series of events that included a piece of aluminum skin falling off one plane, a tire dropping off another during takeoff, and an engine fire. The Federal Aviation Administration stepped up its oversight of the carrier.
Related articles
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Amir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o2024-05-21Artists paint giant mural to honor Kobe Bryant and Gianna in Manila
Artists paint a giant mural on the floor of a basketball court in honor of late basketball legend Ko2024-05-21Spanish league football match: Real Madrid vs. Real Sociedad
Real Madrid's Vinicius Junior (1st L) celebrates after scoring during a Spanish league football matc2024-05-21Xi to Attend Opening Ceremony of Chengdu Universiade
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
The field for the NCAA baseball tournament will take shape this week with conference tournaments det2024-05-21China's women's football team reach Tokyo Olympics with extra
Chinese players celebrate after winning the second leg of the Tokyo Olympic Asian qualification play2024-05-21
atest comment