"United Airlines' Financial Struggles Amid Boeing Crisis"

United Airlines reported a $124 million loss in the first quarter, attributing it to the grounding of its Boeing 737 Max 9s after an incident with an Alaska Airlines jet. The airline expects fewer new planes from Boeing this year and has started leasing Airbus jets to compensate. Despite the setbacks, United forecasts better-than-expected profit in the second quarter, with shares rising 5% in after-hours trading. The grounding cost the airline $200 million, leading to a loss for the quarter, while negotiations with Boeing for compensation are ongoing. United has adjusted its fleet plan due to Boeing's production challenges and anticipates earning between $3.75 and $4.25 per share in the second quarter.